10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

☒    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2015

or

☐    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________________to _________________

Commission File Number 333-186078

AXIOM CORP.

(Exact name of registrant as specified in its charter)

Colorado	N/A
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)
380 Vansickle Road, Unit 600, St. Catharine’s ON Canada L2S 0B5	N/A
(Address of principal executive offices)	(Zip Code)

(905) 646-8787

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

☒   YES ☐    NO

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

☒   YES ☐    NO

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a small reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☒
(Do not check if a smaller reporting  company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act)

☐   YES ☒    NO

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

67,297,975 common shares issued and outstanding as of August 10, 2015.

AXIOM CORP.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION		3
Item 1.	Financial Statements	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	4
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	11
Item 4.	Controls and Procedures	11
PART II - OTHER INFORMATION		12
Item 1.	Legal Proceedings	12
Item 1A.	Risk Factors	12
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	12
Item 3.	Defaults Upon Senior Securities	12
Item 4.	Mine Safety Disclosures	12
Item 5.	Other Information	12
Item 6.	Exhibits	13
SIGNATURES		14

2

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

The consolidated financial statements of our company have been prepared in accordance with generally accepted accounting principles in the United States and are expressed in US dollars.

AXIOM CORP.

TABLE OF CONTENTS

JUNE 30, 2015 AND 2014

Unaudited Interim Condensed Consolidated Balance Sheets as of June 30, 2015 and December 31, 2014	Page F-1
Unaudited Interim Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and six months ended June 30, 2015 and 2014	Page F-2
Unaudited Interim Condensed Consolidated Statements of Stockholders’ Deficit for the six months from January 1 to June 30, 2015	Page F-3
Unaudited Interim Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2015 and 2014	Page F-4
Notes to the Unaudited Interim Condensed Consolidated Financial Statements	Pages F-5 to F-15

3

Axiom Corp. and Subsidiary

Unaudited Interim Condensed Consolidated Balance Sheets

(Expressed in United States dollars)

	Notes		June 30, 2015			December 31, 2014
Assets
Current assets
Cash			$	8,955		$	8,602
Accounts receivable (net of allowance of $nil (2014 - $nil))				2,183			2,389
Inventory		5		15,010			13,410
Prepaid expenses and other receivables				38,565			21,868
Total current assets				64,713			46,269
Non-current assets
Equipment		6		31,199			14,284
Intangible assets		7		66,386			70,074
Total non-current assets				97,585			84,358
Total assets			$	162,298		$	130,627
Liabilities
Current liabilities
Accounts payable and accrued liabilities		8	$	269,520		$	125,898
Other taxes payable				1,469			7,191
Current portion of deferred revenue		11		8,807			9,482
Due to related parties		9		183,142			106,406
Loan payable		10		73,068			-
Total current liabilities				536,006			248,977
Non-current liabilities
Deferred revenue		11		16,146			22,125
Total non-current liabilities				16,146			22,125
Total liabilities				552,152			271,102
Stockholders' Deficit
Capital Stock:
Common stock, (authorized 200,000,000, issued 66,147,975, par value $0.00001 per share)		12		661			798,586
Series A Preferred, (authorized 5,000,000, issued 2,666,668, par value $0.00001 per share		12		27			-
Series B Preferred, (authorized 5,000,000, issued 1,000,002, par value $0.00001 per share		12		10			-
Shares to be issued		12		345,000			-
Additional paid-in capital		12		854,910			-
Accumulated other comprehensive income				36,633			17,807
Deficit				(1,627,095	)		(956,868	)
Total stockholders’ deficit				(389,854	)		(140,475	)
Total liabilities and deficit			$	162,298		$	130,627

Going Concern	1
Contingency	13
Subsequent Events	14

Approved by the Board
“Scott MacRae”	“Jerry Moes”
Director	Director

The accompanying notes are an integral part of these interim condensed consolidated financial statements

F-1

Axiom Corp. and Subsidiary

Unaudited Interim Condensed Consolidated Statements of Operations and Comprehensive Loss

(Expressed in United States dollars)

			For the three			For the three			For the six			For the six
			Months ended			Months ended			Months ended			Months ended
	Notes		June 30, 2015			June 30, 2014			June 30, 2015			June 30, 2014
Revenue			$	14,967		$	14,800		$	26,268		$	28,995
Cost of revenue				7,999			6,716			15,297			11,617
Gross profit				6,968			8,084			10,971			17,378
Expenses
Advertising and promotion				800			578			2,133			578
Interest		9		3,672			2,666			7,263			5,130
Office and general				11,358			2,943			19,483			8,492
Rent				3,765			3,726			7,038			7,407
Salaries and fees				117,309			16,142			273,571			17,356
Travel				4,039			2,173			9,200			4,368
Depreciation and amortization		6, 7		5,087			571			10,174			1,136
Research and development				99,814			-			100,497			1,812
Stock-based compensation		12		-			-			148,125			-
Professional fees				41,664			18,859			97,017			30,367
Total operating expenses				287,508			47,658			674,501			76,645
				(280,540	)		(39,574	)		(663,530	)		(59,267	)
Loss on foreign exchange				(5,296	)		(4,519	)		(6,697	)		(7,369	)
Net loss and comprehensive loss for the period			$	(285,836	)	$	(44,093	)	$	(670,227	)	$	(66,636	)
Net loss per share - Basic and diluted			$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.00	)
Weighted average number of shares outstanding - Basic and diluted				66,147,975			56,433,333			67,729,552			56,433,333

The accompanying notes are an integral part of these interim condensed consolidated financial statements

F-2

Axiom Corp. and Subsidiary

Condensed Consolidated Statements of Stockholders’ Deficit

(Expressed in United States dollars)

	Common Stock			Series A Preferred Stock		Series B Preferred Stock		Additional Paid-in Capital		Accumulated Other Comprehensive Income		Shares to be Issued		Deficit			Total
	$			$		$		$		$		$		$			$
Balance January 1, 2015		798,586			-		-		-		17,807		-		(956,868	)		(140,475	)
Issuance of warrants		-			-		-		148,125		-		-		-			148,125
Reverse acquisition by Papernuts Canada		(797,525	)		-		-		706,422		18,826		-		-			(72,277	)
Proceeds of share subscriptions collected		-			-		-		-		-		345,000		-			345,000
Conversion of common shares		(400	)		27		10		363		-		-		-			-
Net (loss) for the period		-			-		-		-		-		-		(670,227	)		(670,227	)
Balance June 30, 2015		661			27		10		854,910		36,633		345,000		(1,627,095	)		(389,854	)

The accompanying notes are an integral part of these condensed consolidated financial statements.

F-3

Axiom Corp. and Subsidiary

Unaudited Interim Condensed Consolidated Statements of Cash Flows

(Expressed in United States dollars)

	For the six			For the six
	months ended			months ended
	June 30, 2015			June 30, 2014
Operating activities
Net loss for the period	$	(670,227	)	$	(66,636	)
Depreciation and amortization		10,174			1,136
Stock-based compensation		148,125			-
Accrued interest on shareholder loans		5,387			3,440
Non-cash consulting services provided		-			4,894
Changes in accounts receivable		205			329
Change in inventory		(1,600	)		4,233
Changes in prepaid expenses		(16,696	)		(2,966	)
Changes in accounts payable and accrued liabilities and other taxes payable		149,672			117,855
Changes in deferred revenue		(6,653	)		(6,138	)
Net cash flows (used in) generated by operating activities		(381,613	)		56,147
Investing activities
Purchase of intangible assets		-			(75,000	)
Purchase of equipment		(23,401	)		(14,440	)
Net cash flows used in investing activities		(23,401	)		(89,440	)
Financing activities
Proceeds from common shares to be issued		345,000			-
Related party loans and advances		60,367			40,940
Net cash flows generated by financing activities		405,367			40,940
Net increase in cash		353			7,647
Cash (bank overdraft), beginning of period		8,602			(190	)
Cash, end of period	$	8,955		$	7,457

The accompanying notes are an integral part of these interim condensed consolidated financial statements

F-4

Axiom Corp. and Subsidiary

Notes to the Interim Condensed Consolidated Financial Statements

June 30, 2015 and 2014

(Expressed in United States Dollars)

1. Nature of Business, Economic Dependence and Going Concern

Axiom Corp. (“Axiom” or the “Company”) was incorporated in the State of Colorado on April 2, 2012.

On February 23, 2015, the Company entered into a Share Exchange Agreement (the “Share Exchange Agreement”) with shareholders of Papernuts Corporation (the “Papernuts Shareholders”) and Kranti Kumar Kotni, the controlling stockholder of Axiom (the “Controlling Stockholder”). Pursuant to the Share Exchange Agreement, the Papernuts Shareholders agreed to exchange up to 1,220,165 shares, which represents 100% of the common stock of Papernuts Corporation (“Papernuts”), for up to Fifty Two Million (52,000,000) shares of Axiom’s common stock (the “Company Shares”).

On February 26, 2015, the Company closed on the Share Exchange Agreement, with 95.6% of the Papernuts Shareholders exchanging a total of 1,166,540 common shares (the “Papernuts Exchanged Shares”) for a total of 49,714,642 Axiom Shares (the “Company Exchanged Shares”). Each Papernuts Exchanged Shares was converted into the number of Company Exchanged Shares at an exchange ratio of 42.617187019 (the “Exchange Ratio”), rounded, if necessary, up to the nearest whole share (the “Share Exchange”).

Pursuant to the Share Exchange Agreement, the Company also issued warrants to purchase a total of 5,650,000 shares of the Company’s Common Stock at exercise prices ranging from $0.056 to $0.075 per share. These warrants have terms which are the same as and replace warrants previously held by Papernuts warrant holders. (see also note 12).

Additionally, on February 23, 2015, Mr. Scott MacRae, the former Chief Executive Officer of Papernuts, entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with the Controlling Shareholder, whereby Mr. MacRae purchased 30,000,000 shares (the “Shares”) of the Company’s common stock beneficially owned by Mr. Kotni. The Shares were purchased by Mr. MacRae for an aggregate purchase price of $75,000.

As a result of the Share Exchange transaction and the transaction between Mr. MacRae and Mr. Kotni, Papernuts Canada has become a majority owned subsidiary of the Company and the Company now carries on the business of Papernuts Canada as its primary business.

Additionally, as required by the Share Exchange Agreement, the Company and Mr. Kotni entered into a Share Transfer & Assignment Agreement dated February 26, 2015, pursuant to which the Company, following the Closing of the Share Exchange Agreement, transferred to Mr. Kotni all of the issued and outstanding shares of the Company’s formerly wholly-owned subsidiary, Acton Holdings Limited, a Kenyan company. Mr. Kotni assumes all the liabilities of Acton Holdings Limited.

Papernuts was incorporated in Ontario, Canada on April 8, 2010 as 2239794 Ontario Inc. On January 19, 2015 Papernuts changed its name to Papernuts Corporation. The Company’s primary focus is the sale of paper and equipment. The Company’s registered office is as follows: 380 Vansickle Road, Unit 600, St. Catharines, Ontario, Canada, L2S 0B5.

At June 30, 2015, the Company had not yet achieved profitable operations, had an accumulated deficit of $1,627,095 and expects to incur further losses in the development of its business, all of which casts significant doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to raise additional funding to further develop operations and a sales and marketing program so as to grow revenue and attain profitability. Although the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms advantageous to the Company.

During the period approximately 58% of revenues were derived from one customer (2014 – 69% from this same customer).

F-5

Axiom Corp. and Subsidiary

Notes to the Interim Condensed Consolidated Financial Statements

June 30, 2015 and 2014

(Expressed in United States Dollars)

2. Significant Accounting Policies

Principles of Consolidation and Basis of Presentation

These unaudited interim condensed consolidated financial statements include the accounts of the Company and its 95.6% owned subsidiary, Papernuts. All inter-company balances and transactions have been eliminated on consolidation. The accompanying unaudited interim condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Significant estimates include the use of the going concern assumption, the useful life of its equipment and intangible assets and the valuation of equipment and intangible assets.

Cash and Cash Equivalents

The Company considers all highly liquid investments with maturities of three months or less to be cash equivalents. At June 30, 2015 and December 31, 2014, the Company had a cash balance of $8,955 and $8,602 respectively.

Revenue Recognition and Deferred Revenue

Revenue from product sales is recognized when the customer takes title, assumes the risks and rewards of ownership and collectability is reasonably assured. Revenue is recorded at the time of shipment for terms designated f.o.b. (free on board) shipping point. For sales transactions designated f.o.b. destination, revenue is recorded when the product is delivered to the customer’s delivery site, when title and risk of loss are transferred.

Revenue from the sale of licences and distribution agreements is recognized over the related term of the agreement. Proceeds received prior to the Company meeting its revenue recognition criteria is recorded as deferred revenue and shown as either a current or non-current liability depending on the expected timing of recognition.

Shipping and Handling Costs

Shipping and handling costs, such as freight to our customers’ destinations, are included in cost of revenue in the statement of operations and comprehensive loss. When shipping and handling costs are included in the sales price charged for our products, they are recognized in revenue.

Inventories

Inventories are valued at the lower of cost or market using the average cost method. Inventory is periodically reviewed for use and obsolescence, and adjusted as necessary. Inventory consists of raw material and finished goods.

Equipment

Equipment is stated at cost, less accumulated depreciation. Expenditures for betterments are capitalized, whereas normal repairs and maintenance are expensed as incurred. The straight-line method is used to depreciate equipment over its estimated useful life, ranging from 3-5 years.

F-6

Axiom Corp. and Subsidiary

Notes to the Interim Condensed Consolidated Financial Statements

June 30, 2015 and 2014

(Expressed in United States Dollars)

2. Significant Accounting Policies - continued

Intangible Assets

Intangible assets are stated at cost, less accumulated amortization. The straight-line method is used to amortize intangible assets over their estimated useful life, for a period of up to 10 years.

Impairment of Long-lived Assets

The Company periodically evaluates the carrying value of long-lived assets in accordance with GAAP, which requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets' carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the long-lived assets. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair values are reduced for the cost of disposal.

Loss per Share

Basic loss per share is calculated by dividing the Company’s net loss applicable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated by dividing the Company’s net loss available to common stockholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity instruments, if dilutive. In periods that the Company reports a net loss, loss per share is not presented on a diluted basis, as the result would be anti-dilutive.

Income Taxes

Income taxes are computed in accordance with the provisions of ASC Topic 740, which requires, among other things, a liability approach to calculating deferred income taxes. The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in its financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement carrying amounts and tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. The Company is required to make certain estimates and judgments about the application of tax law, the expected resolution of uncertain tax positions and other matters. In the event that uncertain tax positions are resolved for amounts different than the Company’s estimates, or the related statutes of limitations expire without the assessment of additional income taxes, the Company will be required to adjust the amounts of related assets and liabilities in the period in which such events occur. Such adjustment may have a material impact on the Company’s income tax provision and results of operations.

Fair value of stock based compensation

Stock based compensation is valued using the Black-Scholes option pricing model, which requires the input of highly subjective assumptions including the expected stock price volatility. Because the Company’s stock options have characteristics significantly different than those of traded options and because changes in the subjective input assumptions can materially affect the calculated fair value, such value is subject to measurement uncertainty.

Research and development costs

Development expenditures are capitalized if they meet the criteria for recognition as an asset, and are amortized over their expected useful lives once they are available for use. Research costs are expensed as incurred.

F-7

Axiom Corp. and Subsidiary

Notes to the Interim Condensed Consolidated Financial Statements

June 30, 2015 and 2014

(Expressed in United States Dollars)

2. Significant Accounting Policies - continued

Fair Value of Financial Instruments

The standard, “Disclosures about Fair Value of Financial Instruments”, defines financial instruments and requires fair value disclosures for those instruments. The standard, “Fair Value Measurements”, defines fair value and establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosures requirements for fair value measures. The carrying amounts reported on the balance sheets for cash, funds held in trust, accounts receivable, due to related parties, accounts payable and accrued liabilities and loan payable qualify as financial instruments and are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rates of interest. For the due to related parties, the Company believes the carrying value of the loans approximates fair value as the interest rates are market rates.

The standard establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy defined by the standard are as follows:

Level 1 Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, listed equities and U.S. government treasury securities;

Level 2 Pricing inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category include non-exchange-traded derivatives such as over the counter forwards, options and repurchase agreements; and

Level 3 Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management's best estimate of fair value from the perspective of a market participant. Level 3 instruments include those that may be more structured or otherwise tailored to customers' needs. At each balance sheet date, the Company performs an analysis of all instruments subject to the standard and includes in Level 3 all of those whose fair value is based on significant unobservable inputs.

There were no assets or liabilities measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014.

F-8

Axiom Corp. and Subsidiary

Notes to the Interim Condensed Consolidated Financial Statements

June 30, 2015 and 2014

(Expressed in United States Dollars)

2. Significant Accounting Policies - continued

Foreign Currency Translation

As further described in Note 4, the Canadian dollar had been the functional and reporting currency of the Company’s business and the consolidated financial statements for periods up to December 31, 2014 were expressed in Canadian dollars. On January 1, 2015, to reflect the changed circumstances of the Company, the functional currency of the Company and its subsidiaries changed to the United States dollar and the Company decided to change its reporting currency to the United States dollar as well. Accordingly, these consolidated financial statements are expressed in United States dollars.

Monetary assets and liabilities denominated in currencies other than United States dollars are translated into United States dollars at the rate of exchange in effect at the end of the reporting period. Revenues and expenses are translated at the transaction exchange rate. Foreign currency gains and losses resulting from translation are reflected in net income of the period.

Accounting Principles for Future Adoption

In May 2014, FASB issued ASU 2014-09 with the intent of significantly enhancing comparability of revenue recognition practices across entities and industries. The new standard provides a single principles-based, five-step model to be applied to all contracts with customers and introduces new, increased disclosure requirements. The new standard is effective for annual and interim periods beginning on or after December 15, 2017 and may be applied on either a full or modified retrospective basis. The Company is currently assessing the impact of the new standard to the Company’s financial statements.

In August 2014, FASB issued ASU 2014-15 providing guidance on how to account for and disclose going concern risks. The new standard is effective for annual and interim periods beginning on or after December 15, 2016. The Company is currently assessing the impact of the new standard to the Company’s financial statements.

3. Papernuts Reverse Merger

A reverse acquisition transaction involving a non-public operating entity and a non-operating public company is in substance a share-based payment transaction, rather than a business combination. The Transaction is equivalent to the issuance of shares by the non-public operating entity, Papernuts, for the net assets and the listing status of the non-operating public company, Axiom. The fair value of the shares issued was determined based on the fair value of the common shares issued by Axiom.

A summary of the transaction is as follows:

Deemed issuance of 49,714,642 post-Transaction common shares to the former shareholders of Papernuts Canada	$	124,287
Cash and funds held in trust	$	74,967
Accounts payable and accrued liabilities		(17,974	)
Due to related parties		(61	)
Loans payable		(148,035	)
Listing costs reallocated to additional paid-in capital		215,390
Value attributed to Papernuts shares issued	$	124,287

F-9

Axiom Corp. and Subsidiary

Notes to the Interim Condensed Consolidated Financial Statements

June 30, 2015 and 2014

(Expressed in United States Dollars)

4. Change of Functional and Reporting Currency

Effective February 26, 2015, Papernut’s functional currency changed to the United States dollar, and accordingly, Papernuts decided to change its reporting currency to the United States dollar. Prior to February 26, 2015, Papernut’s functional currency was the Canadian dollar and the Company used the Canadian dollar as its reporting currency. With the completion of the Share Exchange Agreement, the Company’s assets, liabilities, revenues and expenses are expected to be predominantly denominated in United States dollars and, accordingly, the use of the Canadian dollar to measure and report the Company’s financial performance and financial position became inappropriate. The impact of the currency translation up to February 26, 2015 is recorded in accumulated other comprehensive income. Under the current rate method for the comparative period presented, all assets and liabilities of the Company’s operations were translated from their Canadian dollar functional currency into United States dollars using the exchange rates in effect on the balance sheet date, shareholders’ equity were translated at the historical rates and revenues, expenses and cash flows were translated at the average rates during the reporting period presented. The resulting translation adjustments are reported under comprehensive income as a separate component of shareholders’ equity.

5. Inventory

	June 30, 2015		December 31, 2014
Raw materials	$	14,465	$	11,126
Finished goods		545		2,284
Total inventory	$	15,010	$	13,410

F-10

Axiom Corp. and Subsidiary

Notes to the Interim Condensed Consolidated Financial Statements

June 30, 2015 and 2014

(Expressed in United States Dollars)

6. Equipment

			Accumulated
June 30, 2015	Cost		Depreciation and Impairment			Net Book Value
Furniture	$	3,723	$	(2,587	)	$	1,136
Machinery		112,820		(82,757	)		30,063
	$	116,543	$	(85,344	)	$	31,199

			Accumulated
December 31, 2014	Cost		Depreciation and Impairment			Net Book Value
Furniture	$	3,723	$	(2,136	)	$	1,587
Machinery		89,419		(76,722	)		12,697
	$	93,142	$	(78,858	)	$	14,284

Depreciation expense during the six months ended June 30, 2015 was $6,486 (2014 - $1,136).

7. Intangible Assets

In June 2014, Papernuts acquired the rights to the Papernuts trademark for $75,000. Terms of the agreement are as follows:

· Upon signing the agreement and paying $20,000 (paid in July 2014), the Company received the temporary right to use the Papernuts name and trademark, provided Papernuts comply with certain insurance and other requirements as stipulated by the vendor.

· Upon payment of an additional $55,000, required to be paid by September 15, 2014 (and paid on that date), Papernuts received permanent use and ownership of the Papernuts name, web domain and any trademarks, patents and rights to sell Papernuts products in the US and Canada.

· Papernuts is required to pay a royalty of 2% of sales of Papernuts products, to a maximum of $100,000.

· As part of this agreement, should Papernuts and the vendor not be able to negotiate a distribution contract in the future, Papernuts would be required to acquire certain of the vendor’s inventory and equipment valued at $40,000 (paid in March, 2015). Papernuts has recorded an impairment charge of $35,000 in December, 2014 with respect to this inventory.

Papernuts recorded amortization of $3,688 relating to this asset during the six months ended June 30, 2015 (2014- $Nil) leaving an asset balance of $66,386 as at June 30, 2015 (December 31, 2014 - $70,074). Amortization over the next five years is expected to be $7,376 per annum.

F-11

Axiom Corp. and Subsidiary

Notes to the Interim Condensed Consolidated Financial Statements

June 30, 2015 and 2014

(Expressed in United States Dollars)

8. Accounts payable and accrued liabilities

Accounts payable consisted of the following as at June 30, 2015 and December 31, 2014.

	June 30, 2015		December 31, 2014
Accounts payable	$	175,711	$	1,826
Accrued liabilities		93,809		124,074
	$	269,520	$	125,898

9. Related Party Transactions and Balances

	June 30,  2015		December 31, 2014
8% Demand loans	$	158,082	$	99,812
Due to related party		25,060		6,594
Payable to related parties	$	183,142	$	106,406

On August 1, 2012, PaperNuts Canada received loans of $32,445 (CDN$32,500) from shareholders Jim Vanderzalm and Rob Moes. The loans were unsecured, and were due and payable on demand as they were contracted to meet PaperNuts Canada’s 2012 general fiscal obligations. In April, 2014 and January 25, 2015 Mr. Moes made additional advances of $6,818 (CDN$7,500) and $30,184 (CDN$37,500) respectively to PapernNuts Canada. As at June 30, 2015 there is principal and interest of $69,743 ($40,290 as at December 31, 2014) outstanding in relation to those loans. The largest outstanding balance during the period ended June 30, 2015 was $69,743, including principal of $62,050.

On March 28, 2013 PaperNuts Canada received loans of $18,345 (CDN$18,629) from Jerry Moes, shareholder and director of PaperNuts Canada. The loans were unsecured, and were due and payable on demand as they were contracted to meet PaperNuts Canada’s 2013 general fiscal obligations. Mr. Moes made further advances of $30,180 (CDN$32,098) on December 31, 2013 and $11,190 (CDN$12,310) from January 1, 2014 to April 1, 2014. In January, 2015 Mr. Moes advanced an additional $15,625 (CDN$18,750). As at June 30, 2015, there is principal and interest of $72,813 ($59,522 as at December 31, 2014) outstanding in relation to those loans. The largest outstanding balance during the period ended June 30, 2015 was $72,813 including principal of $65,481.

In January, 2015 PaperNuts Canada received a loan of $15,625 (CDN$18,750) from Ron Vanderzalm, a shareholder of PaperNuts Canada. As at June 30, 2015, there is a principal and interest of $15,525 (December 31, 2014 - $Nil) outstanding in relation to this loan. The largest outstanding balance during the period ended June 30, 2015 was $15,525 including principal of $15,012.

During the periods ended June 30, 2015 and 2014 the shareholders above charged interest of $5,387 (CDN$6,652) and $3,440 (CDN$3,772), respectively on these demand loans. No payments of interest have been made and the unpaid interest is included in the loan balances noted above.

F-12

Axiom Corp. and Subsidiary

Notes to the Interim Condensed Consolidated Financial Statements

June 30, 2015 and 2014

(Expressed in United States Dollars)

9. Related Party Transactions and Balances - continued

During the year ended December 31, 2013, Joanne Secord, a former vice-president of PaperNuts Canada earned sales commissions of CDN$18,596 and earned additional sales commissions of CDN$6,044 in 2014. These commissions were satisfied through the issuance of 50,000 common shares on April 2, 2014.

In June 2014, PaperNuts Canada received an advance of CDN$25,000 from Scott MacRae, a director of PaperNuts Canada. This amount was non-interest bearing and was repaid in July, 2014.

As of June 30, 2015, the Company owes Mr. Kotni, a former director of the Company $Nil (December 31, 2014 - $810) for expenditures paid on behalf of the Company. The amount included in due to related parties is unsecured, non-interest bearing, and has no specified repayment terms.

As at June 30, 2015, due to related party included an additional $25,060 (December 31, 2014 - $6,594) in fees and due to officers and directors of the Company, including Tyler Pearson, CEO, Andrew Hilton, CFO and Scott MacRae, director.

10. Loan Payable

On August 1, 2013, Axiom Corp. entered into a line of credit agreement with a third party, enabling the Company to borrow up to $50,000, at 8% per annum, with related amounts being due on demand. During 2014, the third party agreed to increase the maximum principal amount to $85,000. In the six months ended June 30, 2015 the third party made additional advances under the line of credit. As at June 30, 2015, the amount outstanding under this line of credit was $73,068 with accrued interest of $7,137. In addition to the line of credit the third party advanced $74,967 to the Company’s trust account in connection with the Stock Purchase Agreement described in Note 1. This latter amount was repaid in April, 2015. 

11. Deferred Revenue

In April 2013, Papernuts entered into an exclusive distribution agreement providing the rights to commercialize and distribute Papernuts’ converter machines in the Ottawa and Hull-Gatineau regions of Canada.

Of the $44,035 (CDN$55,000) up-front licensing fee received, $4,452 has been recognized as revenue during the six months ended June 30, 2015 (six months ended June 30, 2014 - $5,069) and $24,953 has been recorded as deferred revenue as at June 30, 2015 (December 31, 2014 - $31,607). The balance of deferred revenue will be amortized into contract revenue over the remaining period of Papernuts obligations under the agreement of approximately 2.8 years.

F-13

Axiom Corp. and Subsidiary

Notes to the Interim Condensed Consolidated Financial Statements

June 30, 2015 and 2014

(Expressed in United States Dollars)

12. Stockholder’s Equity

a) The Company’s authorized capital consists of 200,000,000 shares of common stock with a par value of $0.00001 per share, 5,000,000 shares of Series A Preferred stock with a par value of $0.00001 per share and 5,000,000 shares of Preferred B stock with a par value of $0.00001 per share.

	Number of
Capital stock	Shares			Value
Common Shares:
Common shares issued and outstanding as at December 31, 2014		56,433,333		$	564
Common shares of Papernuts issued as of December 31, 2014		1,220,165			798,586
Adjustment for Transaction / Elimination of Papernuts shares and the value of the Company’s capital stock		(1,220,165	)		(564	)
Shares issued to Papernuts Shareholders in connection with the Transaction		49,714,642			497
Reallocation of Papernuts share capital amounts to reflect the legal capitalization of Axiom subsequent to the transaction		-			(798,022	)
Conversion of common shares to Series A and Series B preferred shares(i)		(40,000,000	)		(400	)
Common Shares as at June 30, 2015		66,147,975		$	661
Series A Preferred Shares
Series A preferred shares issued and outstanding as at December 31, 2014		-		$	-
Conversion of common shares to Series A preferred shares(i)		2,666,668			27
Series A Preferred shares as at June 30, 2015		2,666,668		$	27
Series B Preferred Shares
Axiom’s series B preferred shares issued and outstanding as at December 31, 2014		-		$	-
Conversion of common shares to Series B preferred shares(i)		1,000,002			10
Series B Preferred shares as at June 30, 2015		1,000,002		$	10
Capital stock as at June 30, 2015				$	698

(i) In March, 2015 the Company completed agreements with three directors of Papernuts for the cancellation of 40,000,000 Common Shares of the Company in exchange for a combination of newly issued multi-voting Series A Preferred Shares and multiple-voting Series B Preferred Shares.

As per the agreements, the 40,000,000 common shares were converted into 2,666,668 multiple-voting Series A Preferred Shares and 1,000,002 multiple-voting Series B Preferred Shares.

Series A Preferred Shares are convertible into Common Shares at the option of the holder at a ratio of 1:10, meaning each Preferred A Share can convert into ten (10) Common Shares of the Company. In addition, holders of each Series A Preferred Share shall have the right to one (1) vote for each Common Share into which such Series A Preferred Share could be converted. Assuming the exercise of all convertible securities including warrants, the Series A Preferred Shares represent 7.7% of the total voting power of the Company’s shareholders.

F-14

Axiom Corp. and Subsidiary

Notes to the Interim Condensed Consolidated Financial Statements

June 30, 2015 and 2014

(Expressed in United States Dollars)

12. Stockholder’s Equity - continued

Series B Preferred Shares are convertible into Common Shares at the option of the holder at a ratio of 1:10, meaning each Preferred B Share can convert into ten (10) Common Shares of the Company. In addition, holders of each Series B Preferred Share shall have the right to twenty-five (25) votes for each Common Share into which such Series B Preferred Share could be converted. Assuming the exercise of all convertible securities including warrants, the Series B Preferred Shares represent 71.7% of the total voting power of the Company’s shareholders.

The Series A and Series B Preferred Shares are non-redeemable and have a par value of $0.00001 per share.

b) Pursuant to the Share Exchange Agreement, the Company also issued warrants to purchase an aggregate of 5,650,000 shares of the Company’s common stock at exercise prices ranging from $0.056 to $0.075 per share to replace warrants previously held by Papernuts warrant holders (the “Warrants”). The Warrants are currently exercisable and may be exercised for a period of 24 months from the date of issuance, February 26, 2015. The Warrants were initially valued at $148,125 using the Black-Scholes pricing model assuming no expected dividends, with a volatility of 100%, expected life of two years and a risk-free rate of 0.43%, and was included in additional paid in capital. As at June 30, 2015 there were 5,650,000 warrants outstanding.

c) In March, 2015 the Company sold 900,000 shares of common stock to a private investor for total proceeds of $270,000. In May, 2015 the Company sold 250,000 shares of common stock to a private investor for total proceeds of $75,000. 

13. Contingency

In the first quarter of 2015 the Company became aware of a potential claim from an individual stating that he was owed $118,427 (CDN$150,000) worth of Papernuts common shares. No action has been commenced as of the date of this report. Management is of the opinion that this potential claim is without merit. Accordingly, no provision has been made in these financial statements.

14. Subsequent Events

There were no subsequent events that would have a material impact on these financial statements.

F-15

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

FORWARD LOOKING STATEMENTS

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our unaudited consolidated financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States generally accepted accounting principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report.

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars. All references to "US$" refer to United States dollars and all references to "common stock" refer to the common shares in our capital stock.

As used in this quarterly report, the terms “we”, “us”, “our”, “Axiom” and “our company” mean Axiom Corp. and our 95.6% majority-owned subsidiary, Papernuts Corporation (“Papernuts Canada”), a corporation established under the laws of the province of Ontario, Canada, unless otherwise indicated.

Overview

The Company, through our subsidiary Papernuts Canada, provides an alternative packaging solution to plastic and corn based loose fill material. We are taking a new approach to the loose-fill packaging industry currently dominated by the polystyrene plastic “peanut” styrofoam fillers, bubble wrap, air pillows, crumpled paper, foam-in-place and corn starch peanut products.  The waste and inconvenience of dealing with plastic material is a problem for many end users.  It commonly needs to be separated from organic or recyclable waste for proper disposal and lasts for thousands of years in landfills.  Plastic and corn-based fillers typically do a poor job of protecting items as they are smooth and can be easily compressed allowing items to migrate and damage to occur.  Our product “Papernuts” is re-usable whereas most plastic products are not.  

Using 100% recycled paper and our Papernuts machine, Papernuts interlocks with each other forming a protective matrix around packaged items. The trend towards environmentally friendly packaging solutions is gaining momentum with companies such as Wal-Mart and other industry leaders, adopting new standards for responsible packaging by way of the “Sustainable Packaging Scorecard.” (http://news.walmart.com/news-archive/2006/11/01/wal-mart-unveils-packaging-scorecard-to-suppliers) 

The main objection to polystyrene “foam peanuts” and corn fillers, besides their typical higher cost and larger carbon footprint, is that they are not made on site but manufactured in a centrally located installation forcing the finished product to be transported with a substantial shipping cost to the purchaser. Papernuts is now purchased as a finished product but for high volume users we also have the ability to supply compact Papernuts “Factories” or machines that require only 10 square feet of floor space. Thus, providing the ability to manufacture product protection on site, which reduces the shipping and storage costs associated with competitive products.

4

We are currently selling the finished Papernuts product to customers and are actively pursuing the needs of high volume end-users. 

Located in a St. Catharines’, Ontario industrial complex, our location serves as corporate office, production facility and storage. The staff is made up of a team of experienced individuals including, management, sales and marketing personnel.

Recent Events

Share Exchange Transaction

On February 23, 2015, the Company entered into a Share Exchange Agreement (the “Share Exchange Agreement”) with Papernuts Corporation, a corporation established under the laws of the Province of Ontario, Canada (“Papernuts Canada”), the shareholders of Papernuts Canada (the “Papernuts Canada Shareholders”), and Kranti Kumar Kotni, the controlling stockholder of the Company (the “Controlling Stockholder”). Pursuant to the Share Exchange Agreement, the Company agreed to acquire up to 1,220,165 shares, which represents 100% shares of common stock of Papernuts Canada, from the Papernuts Canada Shareholders (the “Papernuts Canada Shares”) in exchange for up to Fifty Two Million (52,000,000) restricted shares of the Company’s common stock (the “Company Shares”).

On February 26, 2015, the Company closed on the Share Exchange Agreement, with 95.6% of the Papernuts Canada Shareholders exchanging a total of 1,166,540 Papernuts Canada Shares (the “Papernuts Exchanged Shares”) for a total of 49,714,642 Company Shares (the “Company Exchanged Shares”). Each Papernuts Exchanged Shares was converted into the number of Papernuts Exchanged Shares at an exchange ratio of 42.617187019 (the “Exchange Ratio”), rounded, if necessary, up to the nearest whole share (the “Share Exchange”). After the Share Exchange, Papernuts Canada becomes a majority-owned subsidiary of the Company.

Pursuant to the Share Exchange Agreement, the Company also issued warrants to purchase an aggregate of 5,650,000 shares of the Company’s common stock at exercise prices ranging from $0.056 to $0.075 per share to replace warrants previously held by Papernuts Canada warrant holders (the “Warrants”). The Warrants are currently exercisable and may be exercised for a period of 24 months from the date of issuance, February 26, 2015.

The Share Exchange Agreement contains customary representations and warranties.

Additionally, as required by the Share Exchange Agreement, the Company and Mr. Kotni entered into a Share Transfer & Assignment Agreement dated February 26, 2015, pursuant to which the Company, following the Closing of the Share Exchange Agreement, transferred to Mr. Kotni all of the issued and outstanding shares of the Company’s formerly wholly-owned subsidiary, Acton Holdings Limited, a Kenyan company. Mr. Kotni assumes all the liabilities of Acton Holdings Limited.

As a result of the Share Exchange Agreement, (i) we have discontinued all prior operations, and our principal business has become the business of Papernuts Canada, and (ii) Papernuts became a majority owned subsidiary of the Company. As the Papernuts Canada Shareholders obtained the majority of the outstanding shares of the Company through the acquisition, the acquisition is accounted for as a reverse merger or recapitalization of the Company. As such, Papernuts Canada is considered the acquirer for accounting purposes.

Issuance of Preferred Stocks

In March, 2015, the Company completed transactions with three directors of Papernuts Corporation for the cancellation of 40,000,000 shares of common stock of the Company in exchange for a combination of newly issued Series A Preferred Shares and Series B Preferred Shares.

5

After the transaction, the 40,000,000 shares of common stock were converted into 2,666,668 Series A Preferred Shares and 1,000,002 Series B Preferred Shares.

Series A Preferred Shares are convertible into shares of common stock at a ratio of 1:10, meaning each Preferred A Share can convert into ten (10) Common Shares of the Company. In addition, holders of each Series A Preferred Share shall have the right to one (1) vote for each Common Share into which such Series A Preferred Share could be converted.

Series B Preferred Shares are convertible into shares of common stock at a ratio of 1:10, meaning each Preferred B Share can convert into ten (10) Common Shares of the Company. In addition, holders of each Series B Preferred Share shall have the right to twenty-five (25) votes for each Common Share into which such Series B Preferred Share could be converted.

Results of Operations

The following summary of our results of operations should be read in conjunction with our condensed consolidated financial statements for the three and six months ended June 30, 2015 and 2014 which are included herein.

Our operating results for three and six months ended June 30, 2015 and 2014 are summarized as follows:

	Three Months Ended June 30, 2015			Three Months Ended June 30, 2014			Six Months Ended June 30, 2015			Six Months Ended June 30, 2014
Revenue	$	14,967		$	14,800		$	26,268		$	28,995
Cost of revenue		(7,999	)		(6,716	)		(15,297	)		(11,617	)
Total expense		287,508			47,658			674,501			76,645
Net loss	$	(285,836	)	$	(44,093	)	$	(670,227	)	$	(66,636	)

Six Months Ended June 30, 2014

Revenue for Revenue for the six months ended June 30, 2015 was $26,268 (2014 - $28,995) and cost of revenue was $15,297 (2014 - $11,617) for gross profit of $10,971 and $17,378. Revenue is expected to increase as its newly designed retail machines are available for sale, which management expects to be in the fourth quarter of 2015.

The Company believes that all patents which have recently expired can be extended based on noticeable improvements to the machine/apparatus as well as the finished product itself. The Company has introduced an entirely new generation of PaperNuts machines that was designed to service a variety of large retail channels/outlets across North America and ultimately abroad as the business grows. The Company has filed provisional patents on these new machines and the associated intellectual property.

Expenditures during the six month period ended June 30, 2015 totaled $674,501 (2014– $76,645) which include the below items:

The Company incurred advertising and promotion expenses of $2,133 (2014 - $578) due to increased promotional activity during the period.

The Company incurred interest expenses of $7,263 (2014 – $5,130) in connection with its shareholder loans outstanding and note payable. The future expense will increase or decrease as further loans are advanced or repaid.

The Company incurred office and general expenses of $19,485 (2014 - $8,492).

The Company incurred rent expenses of $7,038 (2014 - $7,407) which was consistent with the prior period. Rent expense is expected to be consistent in the short-term.

6

The Company incurred salaries and fees expenses of $273,571 (2014 - $17,356). Fees were higher than expected in the first quarter of 2015 as a result of the share exchange transaction.

The Company incurred travel expenses of $9,200 (2014 - $4,368).

The Company had a depreciation and amortization expense of $10,174 (2014- $1,136) in connection with its existing capital and intangible assets. As the Company adds further equipment, the expense will increase.

The Company incurred research and development costs of $100,497 (2014 – $1,812). The increase in research and development costs relates to the design and development of the Company’s latest PaperNuts converter which was completed at the end of June, 2015.

The Company incurred professional fees of $97,017 (2014- $30,367) which include audit and review fees as well as legal counsel. The increase relates to additional costs associated with the share exchange transaction described above.

The Company recorded stock-based compensation expense of $148,125 (2014 - $Nil) relating to warrants issued by the Company during the period. The warrants were valued using the Black-Scholes pricing model.

The Company recorded a loss on foreign exchange of $6,697 (2014 – $7,369) in connection with the fluctuating exchange rate.

The Company had net loss and comprehensive loss of $670,227 (2014 - $66,636).

Three Months Ended June 30, 2014

Revenue for the three months ended March 31, 2015 was $14,967 (2014 - $14,800) and cost of revenue was $7,999 (2014 - $6,716) for gross profit of $6,968 and $8,084.

Expenditures during the three month period ended June 30, 2015 totaled $281,000 (2014– $47,658) which include the below items:

The Company incurred advertising and promotion expenses of $800 (2014 - $578) due to increased promotional activity during the period.

The Company incurred interest expenses of $3,672 (2014 – $2,666) in connection with its shareholder loans outstanding and note payable. The future expense will increase or decrease as further loans are advanced or repaid.

The Company incurred office and general expenses of $11,358 (2014 - $2,943).

The Company incurred rent expenses of $3,765 (2014 - $3,726) which was consistent with the prior period. Rent expense is expected to be consistent in the short-term.

The Company incurred salaries and fees expenses of $117,309 (2014 - $16,142). This expense is expected to be consistent in the short term.

The Company incurred travel expenses of $4,039 (2014 - $2,173).

The Company had a depreciation and amortization expense of $5,087 (2014- $571) in connection with its existing capital and intangible assets. As the Company adds further equipment, the expense will increase.

The Company incurred research and development costs of $99,814 (2014 – $Nil). The increase in research and development costs relates to the design and development of the Company’s latest PaperNuts converter which was completed at the end of June, 2015.

7

The Company incurred professional fees of $41,664 (2014- $18,859) which include audit and review fees as well as legal counsel.

The Company recorded a loss on foreign exchange of $5,296 (2014 – $4,518) in connection with the fluctuating exchange rate.

The Company had net loss and comprehensive loss of $285,836 (2014 - $44,093).

Liquidity and Capital Resources

Working Capital

	At			At
	June 30,			December 31,
	2015			2014
Current Assets	$	64,713		$	46,269
Current Liabilities	$	536,006		$	248,977
Working Capital Deficiency	$	(471,293	)	$	(202,708	)

	Six Months Ended			Six Months Ended
	June 30,			June 30,
	2015			2015
Cash Flows
Net Cash (Used In) from Operating Activities	$	(381,613	)	$	56,147
Increase in Cash	$	353		$	7,647

The Company had working capital deficit of approximately $471,293 as at June 30, 2015 (December 31, 2014 - $202,708). The Company has some revenue but additional funding will be required for working capital and further expansion of the business. Management believes that it will have sufficient capital to fund its operations for the next twelve months. Our financial statements for the three and six months ended June 30, 2015 have been prepared on a going concern basis and do not include any adjustments that might result from the outcome of this uncertainty. Although we have been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms advantageous to our Company.

We anticipate that we will meet our ongoing cash requirements through equity or debt financing as well as product sales. We estimate that our expenses over the next 12 months will be approximately $1,085,000 which consists of salaries and management fees of $625,000, professional fees of $100,000, research and development expenses of $275,000, administrative expenses of $70,000 and interest of $15,000. We further anticipate fixed purchases of approximately $500,000 over the next twelve months. These estimates may change significantly depending on the nature of our future business activities and our ability to raise capital from shareholders or other sources.

In addition to product sales, we intend to meet our cash requirements for the next 12 months through a combination of debt financing and equity financing by way of private placements. We decided to become a reporting company to be better equipped to raise capital by providing transparency to the public about our operations and development. There is no assurance that we will be successful in completing any such financings on terms that will be acceptable to us.

If we are not able to raise the funds necessary to implement our business plan as anticipated, we will scale back our business development in line with available capital. Our main priority will be to retain our reporting status with the Securities and Exchange Commission which means that we will first ensure that we have sufficient capital to cover our legal and accounting expenses. Once these costs are accounted for, in accordance with how much financing we are able to secure, we will focus on developing our marketing our products, and paying consulting and management fees. We will likely not expend funds on the remainder of our planned activities unless we have the required capital.

8

Management is unaware of any demands, commitments, events or uncertainties that will result in or that are reasonably likely to result in the registrant's liquidity increasing or decreasing in any material way.

Investing Activities

We used $23,401 in investing activities relating to equipment purchases during the period ended June 30, 2015.

Financing Activities

We received $60,367 in related party loans and advances during the period ended June 30, 2015. In May, 2015 the Company received $75,000 for common stock sold to a private investor.

Contractual Obligations

As a “smaller reporting company”, we are not required to provide tabular disclosure obligations.

Going Concern

The accompanying financial statements have been prepared assuming that our company will continue as a going concern. As shown in the accompanying financial statements, our company incurred a net loss of $670,227 for the six months ended June 30, 2015. These factors raise substantial doubt about our company’s ability to continue as a going concern.

The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event that our company cannot continue as a going concern. Management anticipates that it will be able to raise additional working capital through the issuance of stock and through additional loans from investors.

The ability of our company to continue as a going concern is dependent upon our company’s ability to attain a satisfactory level of profitability and obtain suitable and adequate financing. There can be no assurance that management’s plan will be successful.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

Critical Accounting Policies

The discussion and analysis of our financial condition and results of operations is based upon the accompanying consolidated financial statements, which have been prepared in accordance with the accounting principles generally accepted in the United States of America and are expressed in United States Dollars. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management’s application of accounting policies. We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our financial statements is critical to an understanding of our financial statements.

9

Principles of Consolidation

The consolidated financial statements include the accounts of our company and our 95.6% owned subsidiary, Papernuts Canada. All significant intercompany balances and transactions have been eliminated upon consolidation.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. Significant estimates include the useful life of its equipment and intangible assets and the valuation of equipment and intangible assets.

Cash and Cash Equivalents

The Company considers all highly liquid investments with maturities of three months or less to be cash equivalents. At June 30, 2015 and December 31, 2014, the Company had a cash balance of $8,955 and $8,602 respectively.

Financial Instruments

The Company’s financial instruments include cash, accounts receivables, bank overdraft, accounts payable and accrued liabilities and loans payable to related parties. The carrying value of these instruments approximates their fair values due to their short-term nature. Cash and accounts receivables are classified as loans and receivables, bank overdraft, accounts payable and accrued liabilities and loans payable to related parties are classified as other financial liabilities, all of which are measured at amortized cost. It is the opinion of Management that the Company is not exposed to significant interest, currency or credit risks arising from its financial instruments.

Earnings (Loss) Per Share

Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing Diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. In periods that the Company reports a net loss, loss per share is not presented on a diluted basis, as the result would be anti-dilutive.

Foreign Currency Translation

Our company’s planned operations will be in the United States and Canada, which results in exposure to market risks from changes in foreign currency exchange rates. The financial risk is the risk to our company’s operations that arise from fluctuations in foreign exchange rates and the degree of volatility of these rates. Currently, our company does not use derivative instruments to reduce our exposure to foreign currency risk. Our company's functional currency for operations worldwide is the U.S. dollar. Nonmonetary assets and liabilities are translated at historical rates and monetary assets and liabilities are translated at exchange rates in effect at the end of the year. Revenues and expenses are translated at average rates for the year. Gains and losses from translation of foreign currency financial statements into U.S. dollars are included in current results of operations.

Income Taxes

Our company accounts for income taxes using the asset and liability method which provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. Our company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

10

Recent Accounting Pronouncements

Our Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

As a "smaller reporting company", we are not required to provide the information required by this Item.

Item 4. Controls and Procedures

Management’s Report on Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management, including our president and chief financial officer (our principal executive officer, principal financial officer and principal accounting officer) to allow for timely decisions regarding required disclosure.

As of the end of our quarter covered by this report, we carried out an evaluation, under the supervision and with the participation of our president and chief financial officer (our principal executive officer, principal financial officer and principal accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our president and chief financial officer (our principal executive officer, principal financial officer and principal accounting officer) concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this quarterly report.

Changes in Internal Control over Financial Reporting

During the period covered by this report there were no changes in our internal control over financial reporting that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

11

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

Other than stated below, we know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

In the first quarter of 2015 Papernuts became aware of a potential claim from an individual stating that he was owed $150,000 worth of common shares. No action has been commenced as of the date of this report. Management is of the opinion that this potential claim is without merit. Accordingly, no provision has been made in the financial statements.

Item 1A. Risk Factors

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

In May, 2015 the Company sold 250,000 shares of common stock to a private investor for total proceeds of $75,000. The shares were issued at a price of $0.30 per common share.

The above issuances of shares are exempt from registration, pursuant to Section 4(2) of the Securities Act. These securities qualified for exemption under Section 4(2) of the Securities Act since the issuance securities by us did not involve a public offering. The offering was not a “public offering” as defined in Section 4(2) due to the insubstantial number of persons involved in the deal, size of the offering, manner of the offering and number of securities offered. We did not undertake an offering in which we sold a high number of securities to a high number of investors. In addition, these stockholders had the necessary investment intent as required by Section 4(2) since they agreed to and received share certificates bearing a legend stating that such securities are restricted pursuant to Rule 144 of the Securities Act. This restriction ensures that these securities would not be immediately redistributed into the market and therefore not be part of a “public offering.” Based on an analysis of the above factors, we have met the requirements to qualify for exemption under Section 4(2) of the Securities Act for this transaction.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

12

Item 6. Exhibits

Exhibit Number	Description
10.1*	Form of Subscription Agreement
31.1**	Certification of Principal Executive Officer of the Registrant pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2**	Certification of Principal Financial Officer of the Registrant pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1+	Certification of Principal Executive Officer of the Registrant pursuant to 18U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2+	Certification of Principal Financial Officer of the Registrant pursuant to 18U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
(101)	Interactive Data File
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document.

*	Filed with the Securities and Exchange Commission on May 18, 2015 as an exhibit to the Company’s Form 10-Q, which exhibit is incorporated herein by reference.
**	Filed herewith.
+	In accordance with SEC Release 33-8238, Exhibit 32.1 is 32.2 are being furnished and not filed

13

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	AXIOM CORP.
	(Registrant)
Dated: August 11, 2015	/s/ Tyler Pearson
	Tyler Pearson
	Chief Executive Officer, Principal Executive Officer and Director
Dated: August 11, 2015	/s/ Andrew Hilton
	Andrew Hilton
	Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer

14

EX-31.1

Exhibit 31.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO EXCHANGE ACT RULE 13a-14(a)/15d-14(a)

AS ADOPTED PURSUANT TO SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

I, Tyler Pearson, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of Axiom Corp.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13-a-15(f) and 15d-15(f)) for the registrant and have:
(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals;
(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)	Disclosed in this report any change in the registrant’s internal control over financing reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

By:	/s/ Tyler Pearson
	Tyler Pearson
	Principal Executive Officer

Dated: August 11, 2015

EX-31.2

Exhibit 31.2

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

PURSUANT TO EXCHANGE ACT RULE 13a-14(a)/15d-14(a)

AS ADOPTED PURSUANT TO SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

I, Andrew Hilton, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of Axiom Corp.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13-a-15(f) and 15d-15(f)) for the registrant and have:
(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals;
(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)	Disclosed in this report any change in the registrant’s internal control over financing reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

By:	/s/ Andrew Hilton
	Andrew Hilton
	Principal Financial Officer

Dated: August 11, 2015

EX-32.1

Exhibit 32.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT of 2002

In connection with the Quarterly Report of Axiom Corp. (the “Company”) on Form 10-Q for the period ended June 30, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Quarterly Report”), Tyler Pearson, Chief Executive Officer of the Company, certifies, pursuant to 18 U.S.C. section 1350 of the Sarbanes-Oxley Act of 2002, that:

1.	The Quarterly Report, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2.	The information contained in the Quarterly Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By:	/s/ Tyler Pearson
	Tyler Pearson
	Principal Executive Officer

Dated: August 11, 2015

EX-32.2

Exhibit 32.2

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT of 2002

In connection with the Quarterly Report of Axiom Corp. (the “Company”) on Form 10-Q for the period ended June 30, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Annual Report”), Andrew Hilton, Chief Financial Officer of the Company, certifies, pursuant to 18 U.S.C. section 1350 of the Sarbanes-Oxley Act of 2002, that:

1.	The Quarterly Report, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2.	The information contained in the Quarterly Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By:	/s/ Andrew Hilton
	Andrew Hilton
	Principal Financial Officer

Dated: August 11, 2015

XML

Loan Payable (Details) - USD ($)		6 Months Ended
	Aug. 02, 2013	Jun. 30, 2015	Dec. 31, 2014	Aug. 31, 2014
Loan Payable (Textual)
Company to borrow amount	$ 50,000
Interest rate	8.00%
Maximum principal amount				$ 85,000
Accrued interest		$ 7,137
Addition line of credit advanced		74,967
Line of credit		$ 73,068

XML

Equipment (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Cost	$ 116,543	$ 93,142
Accumulated Depreciation and Impairment	(85,344)	(78,858)
Net Book Value	31,199	14,284
Furniture [Member]
Property, Plant and Equipment [Line Items]
Cost	3,723	3,723
Accumulated Depreciation and Impairment	(2,587)	(2,136)
Net Book Value	1,136	1,587
Machinery [member]
Property, Plant and Equipment [Line Items]
Cost	112,820	89,419
Accumulated Depreciation and Impairment	(82,757)	(76,722)
Net Book Value	$ 30,063	$ 12,697

XML

Accounts Payable and Accrued Liabilities (Tables)

6 Months Ended

Jun. 30, 2015

Accounts Payable and Accrued Liabilities [Abstract]

Schedule of accounts payable

	June 30, 2015		December 31, 2014
Accounts payable	$	175,711	$	1,826
Accrued liabilities		93,809		124,074
	$	269,520	$	125,898

XML

Stockholder's Equity (Details Textual) - USD ($)				1 Months Ended	6 Months Ended
		May. 31, 2015	Feb. 26, 2015	Mar. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Common stock, shares authorized					200,000,000	200,000,000
Common stock, par value					$ 0.00001	$ 0.00001
Common shares cancellation				40,000,000
Warrants outstanding					5,650,000
Warrants valued					$ 148,125
Volatility rate					100.00%
Expected dividend rate
Risk free interest rate					0.43%
Expected life term					2 years
Proceeds from common stock issued to private investor		$ 75,000		$ 270,000
Common stock issued to private investor		250,000		900,000
Private Placement [Member]
Class of Stock [Line Items]
Common stock, par value					$ 0.30
Share Exchange Agreement [Member]
Class of Stock [Line Items]
Warrants issued to purchase of common stock			5,650,000
Share Exchange Agreement [Member] | Minimum [Member]
Class of Stock [Line Items]
Exercise price of warrants			$ 0.056
Share Exchange Agreement [Member] | Maximum [Member]
Class of Stock [Line Items]
Exercise price of warrants			$ 0.075
Common Stock [Member]
Class of Stock [Line Items]
Conversion of common stock, Shares	[1]				(40,000,000)
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized					5,000,000
Preferred stock, par value					$ 0.00001
Conversion of common stock, Shares	[1]				2,666,668
Conversion of stock, description					Series A Preferred Shares are convertible into Common Shares at the option of the holder at a ratio of 1:10, meaning each Preferred A Share can convert into ten (10) Common Shares of the Company.
Common stock voting rights description					In addition, holders of each Series A Preferred Share shall have the right to one (1) vote for each Common Share into which such Series A Preferred Share could be converted. Assuming the exercise of all convertible securities including warrants, the Series A Preferred Shares represent 7.7% of the total voting power of the Company's shareholders.
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized					5,000,000
Preferred stock, par value					$ 0.00001
Conversion of common stock, Shares	[1]				1,000,002
Conversion of stock, description					Series B Preferred Shares are convertible into Common Shares at the option of the holder at a ratio of 1:10, meaning each Preferred B Share can convert into ten (10) Common Shares of the Company.
Common stock voting rights description					In addition, holders of each Series B Preferred Share shall have the right to twenty-five (25) votes for each Common Share into which such Series B Preferred Share could be converted. Assuming the exercise of all convertible securities including warrants, the Series B Preferred Shares represent 71.7% of the total voting power of the Company's shareholders.

[1] In March, 2015 the Company completed agreements with three directors of Papernuts for the cancellation of 40,000,000 Common Shares of the Company in exchange for a combination of newly issued multi-voting Series A Preferred Shares and multiple-voting Series B Preferred Shares. As per the agreements, the 40,000,000 common shares were converted into 2,666,668 multiple-voting Series A Preferred Shares and 1,000,002 multiple-voting Series B Preferred Shares. Series A Preferred Shares are convertible into Common Shares at the option of the holder at a ratio of 1:10, meaning each Preferred A Share can convert into ten (10) Common Shares of the Company. In addition, holders of each Series A Preferred Share shall have the right to one (1) vote for each Common Share into which such Series A Preferred Share could be converted. Assuming the exercise of all convertible securities including warrants, the Series A Preferred Shares represent 7.7% of the total voting power of the Company's shareholder Series B Preferred Shares are convertible into Common Shares at the option of the holder at a ratio of 1:10, meaning each Preferred B Share can convert into ten (10) Common Shares of the Company. In addition, holders of each Series B Preferred Share shall have the right to twenty-five (25) votes for each Common Share into which such Series B Preferred Share could be converted. Assuming the exercise of all convertible securities including warrants, the Series B Preferred Shares represent 71.7% of the total voting power of the Company's shareholders. The Series A and Series B Preferred Shares are non-redeemable and have a par value of $0.00001 per share.

XML

Related Party Transactions and Balances (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Related Party Transactions and Balances [Abstract]
8% Demand loans	$ 158,082	$ 99,812
Due to related party	25,060	6,594
Payable to related parties	$ 183,142	$ 106,406

XML

Papernuts Reverse Merger

6 Months Ended

Jun. 30, 2015

Papernuts Reverse Merger [Abstract]

Papernuts Reverse Merger

3. Papernuts Reverse Merger

A reverse acquisition transaction involving a non-public operating entity and a non-operating public company is in substance a share-based payment transaction, rather than a business combination. The Transaction is equivalent to the issuance of shares by the non-public operating entity, Papernuts, for the net assets and the listing status of the non-operating public company, Axiom. The fair value of the shares issued was determined based on the fair value of the common shares issued by Axiom.

A summary of the transaction is as follows:

Deemed issuance of 49,714,642 post-Transaction common shares to the former shareholders of Papernuts Canada	$	124,287
Cash and funds held in trust	$	74,967
Accounts payable and accrued liabilities		(17,974	)
Due to related parties		(61	)
Loans payable		(148,035	)
Listing costs reallocated to additional paid-in capital		215,390
Value attributed to Papernuts shares issued	$	124,287

XML

Contingency (Details) - Jun. 30, 2015	USD ($)	CAD
Contingency [Abstract]
Owe worth from related parties	$ 118,427	CAD 150,000

XML

Significant Accounting Policies (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Significant Accounting Policies (Textual)
Cash	$ 8,955	$ 8,602	$ 7,457	$ (190)
Estimated useful life of intangible assets	10 years
Subsidiary or equity method investee, Percentage	95.60%
Maximum [Member]
Significant Accounting Policies (Textual)
Equipment estimated useful life	5 years
Minimum [Member]
Significant Accounting Policies (Textual)
Equipment estimated useful life	3 years

XML

Nature of Business, Economic Dependence and Going Concern (Details)			6 Months Ended
	Feb. 26, 2015 $ / shares shares	Feb. 23, 2015 USD ($) shares	Jun. 30, 2015 USD ($) Customer	Dec. 31, 2014 USD ($)
Nature of Business, Economic Dependence and Going Concern (Textual)
Entity Incorporation, Date of Incorporation			Apr. 02, 2012
Retained earnings (Accumulated Deficit) | $			$ (1,627,095)	$ (956,868)
Percentage of revenue			58.00%	69.00%
Purchase price | $			$ (72,277)
Number of customer | Customer			1
Share Exchange Agreement [Member]
Nature of Business, Economic Dependence and Going Concern (Textual)
Warrants issued to purchase of common stock	5,650,000
Share Exchange Agreement [Member] | Papernuts Corporation [Member]
Nature of Business, Economic Dependence and Going Concern (Textual)
Shares exchange under agreement	1,166,450	1,220,165
Exchange agreement of common stock percentage	95.60%	100.00%
Common stock shares exchange under agreement	49,714,642	(52,000,000)
Share exchange ratio	42.617187019
Stock Purchase Agreement [Member] | Mr. Scott MacRae [Member]
Nature of Business, Economic Dependence and Going Concern (Textual)
Purchase price | $		$ 75,000
Number of shares purchased		30,000,000
Minimum [Member] | Share Exchange Agreement [Member]
Nature of Business, Economic Dependence and Going Concern (Textual)
Exercise price of warrants | $ / shares	$ 0.056
Maximum [Member] | Share Exchange Agreement [Member]
Nature of Business, Economic Dependence and Going Concern (Textual)
Exercise price of warrants | $ / shares	$ 0.075

XML

Papernuts Reverse Merger (Details) - Jun. 30, 2015 - USD ($)	Total
Papernuts Reverse Merger [Abstract]
Cash and funds held in trust	$ 74,967
Accounts payable and accrued liabilities	(17,974)
Due to related parties	(61)
Loans payable	(148,035)
Listing costs reallocated to additional paid-in capital	215,390
Value attributed to Papernuts shares issued	$ (72,277)

XML

Papernuts Reverse Merger (Details Textual) - 6 months ended Jun. 30, 2015 - USD ($)	Total
Papernuts Reverse Merger [Textual]
Deemed issuance common shares, value	$ (72,277)
Former Shreholder [Member]
Papernuts Reverse Merger [Textual]
Deemed issuance of common shares	49,714,642
Deemed issuance common shares, value	$ 124,287

XML

Significant Accounting Policies

6 Months Ended

Jun. 30, 2015

Significant Accounting Policies [Abstract]

Significant Accounting Policies

2. Significant Accounting Policies

Principles of Consolidation and Basis of Presentation

These unaudited interim condensed consolidated financial statements include the accounts of the Company and its 95.6% owned subsidiary, Papernuts. All inter-company balances and transactions have been eliminated on consolidation. The accompanying unaudited interim condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Significant estimates include the use of the going concern assumption, the useful life of its equipment and intangible assets and the valuation of equipment and intangible assets.

Cash and Cash Equivalents

The Company considers all highly liquid investments with maturities of three months or less to be cash equivalents. At June 30, 2015 and December 31, 2014, the Company had a cash balance of $8,955 and $8,602 respectively.

Revenue Recognition and Deferred Revenue

Revenue from product sales is recognized when the customer takes title, assumes the risks and rewards of ownership and collectability is reasonably assured. Revenue is recorded at the time of shipment for terms designated f.o.b. (free on board) shipping point. For sales transactions designated f.o.b. destination, revenue is recorded when the product is delivered to the customer’s delivery site, when title and risk of loss are transferred.

Revenue from the sale of licences and distribution agreements is recognized over the related term of the agreement. Proceeds received prior to the Company meeting its revenue recognition criteria is recorded as deferred revenue and shown as either a current or non-current liability depending on the expected timing of recognition.

Shipping and Handling Costs

Shipping and handling costs, such as freight to our customers’ destinations, are included in cost of revenue in the statement of operations and comprehensive loss. When shipping and handling costs are included in the sales price charged for our products, they are recognized in revenue.

Inventories

Inventories are valued at the lower of cost or market using the average cost method. Inventory is periodically reviewed for use and obsolescence, and adjusted as necessary. Inventory consists of raw material and finished goods.

Equipment

Equipment is stated at cost, less accumulated depreciation. Expenditures for betterments are capitalized, whereas normal repairs and maintenance are expensed as incurred. The straight-line method is used to depreciate equipment over its estimated useful life, ranging from 3-5 years.

Intangible Assets

Intangible assets are stated at cost, less accumulated amortization. The straight-line method is used to amortize intangible assets over their estimated useful life, for a period of up to 10 years.

Impairment of Long-lived Assets

The Company periodically evaluates the carrying value of long-lived assets in accordance with GAAP, which requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets' carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the long-lived assets. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair values are reduced for the cost of disposal.

Loss per Share

Basic loss per share is calculated by dividing the Company’s net loss applicable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated by dividing the Company’s net loss available to common stockholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity instruments, if dilutive. In periods that the Company reports a net loss, loss per share is not presented on a diluted basis, as the result would be anti-dilutive.

Income Taxes

Income taxes are computed in accordance with the provisions of ASC Topic 740, which requires, among other things, a liability approach to calculating deferred income taxes. The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in its financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement carrying amounts and tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. The Company is required to make certain estimates and judgments about the application of tax law, the expected resolution of uncertain tax positions and other matters. In the event that uncertain tax positions are resolved for amounts different than the Company’s estimates, or the related statutes of limitations expire without the assessment of additional income taxes, the Company will be required to adjust the amounts of related assets and liabilities in the period in which such events occur. Such adjustment may have a material impact on the Company’s income tax provision and results of operations.

Fair value of stock based compensation

Stock based compensation is valued using the Black-Scholes option pricing model, which requires the input of highly subjective assumptions including the expected stock price volatility. Because the Company’s stock options have characteristics significantly different than those of traded options and because changes in the subjective input assumptions can materially affect the calculated fair value, such value is subject to measurement uncertainty.

Research and development costs

Development expenditures are capitalized if they meet the criteria for recognition as an asset, and are amortized over their expected useful lives once they are available for use. Research costs are expensed as incurred.

Fair Value of Financial Instruments

The standard, “Disclosures about Fair Value of Financial Instruments”, defines financial instruments and requires fair value disclosures for those instruments. The standard, “Fair Value Measurements”, defines fair value and establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosures requirements for fair value measures. The carrying amounts reported on the balance sheets for cash, funds held in trust, accounts receivable, due to related parties, accounts payable and accrued liabilities and loan payable qualify as financial instruments and are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rates of interest. For the due to related parties, the Company believes the carrying value of the loans approximates fair value as the interest rates are market rates.

The standard establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy defined by the standard are as follows:

Level 1 Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, listed equities and U.S. government treasury securities;

Level 2 Pricing inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category include non-exchange-traded derivatives such as over the counter forwards, options and repurchase agreements; and

Level 3 Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management's best estimate of fair value from the perspective of a market participant. Level 3 instruments include those that may be more structured or otherwise tailored to customers' needs. At each balance sheet date, the Company performs an analysis of all instruments subject to the standard and includes in Level 3 all of those whose fair value is based on significant unobservable inputs.

There were no assets or liabilities measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014.

Foreign Currency Translation

As further described in Note 4, the Canadian dollar had been the functional and reporting currency of the Company’s business and the consolidated financial statements for periods up to December 31, 2014 were expressed in Canadian dollars. On January 1, 2015, to reflect the changed circumstances of the Company, the functional currency of the Company and its subsidiaries changed to the United States dollar and the Company decided to change its reporting currency to the United States dollar as well. Accordingly, these consolidated financial statements are expressed in United States dollars.

Monetary assets and liabilities denominated in currencies other than United States dollars are translated into United States dollars at the rate of exchange in effect at the end of the reporting period. Revenues and expenses are translated at the transaction exchange rate. Foreign currency gains and losses resulting from translation are reflected in net income of the period.

Accounting Principles for Future Adoption

In May 2014, FASB issued ASU 2014-09 with the intent of significantly enhancing comparability of revenue recognition practices across entities and industries. The new standard provides a single principles-based, five-step model to be applied to all contracts with customers and introduces new, increased disclosure requirements. The new standard is effective for annual and interim periods beginning on or after December 15, 2017 and may be applied on either a full or modified retrospective basis. The Company is currently assessing the impact of the new standard to the Company’s financial statements.

In August 2014, FASB issued ASU 2014-15 providing guidance on how to account for and disclose going concern risks. The new standard is effective for annual and interim periods beginning on or after December 15, 2016. The Company is currently assessing the impact of the new standard to the Company’s financial statements.

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Inventory (Details) - USD ($)	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Inventory [Abstract]
Raw materials	$ 14,465		$ 11,126
Finished goods	545		2,284
Total inventory	$ 15,010	$ 40,000	$ 13,410

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Deferred Revenue (Details)	6 Months Ended
	Jun. 30, 2015 USD ($)	Jun. 30, 2015 CAD	Jun. 30, 2014 USD ($)	Dec. 31, 2014 USD ($)
Deferred Revenue (Textual)
Licensing fee	$ 44,035,000	CAD 55,000
Recognition of deferred revenue	4,452		$ 5,069
Deferred revenue	$ 8,807			$ 9,482
Revenue agreement	2 years 9 months 18 days	2 years 9 months 18 days

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Unaudited Interim Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets
Cash	$ 8,955	$ 8,602
Accounts receivable (net of allowance of $nil (2014 - $nil))	2,183	2,389
Inventory	15,010	13,410
Prepaid expenses and other receivables	38,565	21,868
Total current assets	64,713	46,269
Non-current assets
Equipment	31,199	14,284
Intangible assets	66,386	70,074
Total non-current assets	97,585	84,358
Total assets	162,298	130,627
Current liabilities
Accounts payable and accrued liabilities	269,520	125,898
Other taxes payable	1,469	7,191
Current portion of deferred revenue	8,807	9,482
Due to related parties	183,142	$ 106,406
Loan payable	73,068
Total current liabilities	536,006	$ 248,977
Non-current liabilities
Deferred revenue	16,146	22,125
Total non-current liabilities	16,146	22,125
Total liabilities	552,152	271,102
Capital Stock:
Common stock, (authorized 200,000,000, issued 66,147,975, par value $0.00001 per share)	661	$ 798,586
Shares to be issued	345,000
Additional paid-in capital	854,910
Accumulated other comprehensive income	36,633	$ 17,807
Deficit	(1,627,095)	(956,868)
Total stockholders' deficit	(389,854)	(140,475)
Total liabilities and deficit	162,298	$ 130,627
Series A Preferred Stock
Capital Stock:
Preferred stock, Value	27
Total stockholders' deficit	27
Series B Preferred Stock
Capital Stock:
Preferred stock, Value	10
Total stockholders' deficit	$ 10

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Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities
Net loss for the period	$ (670,227)	$ (66,636)
Depreciation and amortization	10,174	$ 1,136
Stock-based compensation	148,125
Accrued interest on shareholder loans	$ 5,387	$ 3,440
Non-cash consulting services provided		4,894
Changes in accounts receivable	$ 205	329
Change in inventory	(1,600)	4,233
Changes in prepaid expenses	(16,696)	(2,966)
Changes in accounts payable and accrued liabilities and other taxes payable	149,672	117,855
Changes in deferred revenue	(6,653)	(6,138)
Net cash flows (used in) generated by operating activities	$ (381,613)	56,147
Investing activities
Purchase of intangible assets		(75,000)
Purchase of equipment	$ (23,401)	(14,440)
Net cash flows used in investing activities	(23,401)	$ (89,440)
Financing activities
Proceeds from common shares to be issued	345,000
Related party loans and advances	60,367	$ 40,940
Net cash flows generated by financing activities	405,367	40,940
Net increase in cash	353	7,647
Cash (bank overdraft), beginning of period	8,602	(190)
Cash, end of period	$ 8,955	$ 7,457

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Intangible Assets (Details) - USD ($)	1 Months Ended	6 Months Ended		12 Months Ended
	Sep. 15, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Mar. 31, 2015
Intangible Assets (Textual)
Payments to acquire intangible assets			$ 75,000
Royalty percentage			2.00%
Royalty expense		$ 100,000
Inventory		15,010		$ 13,410	$ 40,000
Amortization of intangible assets		3,688
Finite-lived intangible assets, five years		7,376
Intangible assets		$ 66,386		$ 70,074
Intangible assets, explanation of significant additions		Payment of an additional $55,000, required to be paid by September 15, 2014 (and paid on that date)
Investment agreement, amount to be received	$ 55,000

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Papernuts Reverse Merger (Tables)

6 Months Ended

Jun. 30, 2015

Papernuts Reverse Merger [Abstract]

Summary of reverse acquisition transaction

Deemed issuance of 49,714,642 post-Transaction common shares to the former shareholders of Papernuts Canada	$	124,287
Cash and funds held in trust	$	74,967
Accounts payable and accrued liabilities		(17,974	)
Due to related parties		(61	)
Loans payable		(148,035	)
Listing costs reallocated to additional paid-in capital		215,390
Value attributed to Papernuts shares issued	$	124,287

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Accounts Payable and Accrued Liabilities (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Accounts Payable and Accrued Liabilities [Abstract]
Accounts payable	$ 175,711	$ 1,826
Accrued liabilities	93,809	124,074
Accounts payable and accrued liabilities	$ 269,520	$ 125,898

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Equipment (Tables)

6 Months Ended

Jun. 30, 2015

Equipment [Abstract]

Schedule of Equipment

			Accumulated
June 30, 2015	Cost		Depreciation and Impairment			Net Book Value
Furniture	$	3,723	$	(2,587	)	$	1,136
Machinery		112,820		(82,757	)		30,063
	$	116,543	$	(85,344	)	$	31,199

			Accumulated
December 31, 2014	Cost		Depreciation and Impairment			Net Book Value
Furniture	$	3,723	$	(2,136	)	$	1,587
Machinery		89,419		(76,722	)		12,697
	$	93,142	$	(78,858	)	$	14,284

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Nature of Business, Economic Dependence and Going Concern

6 Months Ended

Jun. 30, 2015

Nature of Business, Economic Dependence and Going Concern [Abstract]

Nature of Business, Economic Dependence and Going Concern

1. Nature of Business, Economic Dependence and Going Concern

Axiom Corp. (“Axiom” or the “Company”) was incorporated in the State of Colorado on April 2, 2012.

On February 23, 2015, the Company entered into a Share Exchange Agreement (the “Share Exchange Agreement”) with shareholders of Papernuts Corporation (the “Papernuts Shareholders”) and Kranti Kumar Kotni, the controlling stockholder of Axiom (the “Controlling Stockholder”). Pursuant to the Share Exchange Agreement, the Papernuts Shareholders agreed to exchange up to 1,220,165 shares, which represents 100% of the common stock of Papernuts Corporation (“Papernuts”), for up to Fifty Two Million (52,000,000) shares of Axiom’s common stock (the “Company Shares”).

On February 26, 2015, the Company closed on the Share Exchange Agreement, with 95.6% of the Papernuts Shareholders exchanging a total of 1,166,540 common shares (the “Papernuts Exchanged Shares”) for a total of 49,714,642 Axiom Shares (the “Company Exchanged Shares”). Each Papernuts Exchanged Shares was converted into the number of Company Exchanged Shares at an exchange ratio of 42.617187019 (the “Exchange Ratio”), rounded, if necessary, up to the nearest whole share (the “Share Exchange”).

Pursuant to the Share Exchange Agreement, the Company also issued warrants to purchase a total of 5,650,000 shares of the Company’s Common Stock at exercise prices ranging from $0.056 to $0.075 per share. These warrants have terms which are the same as and replace warrants previously held by Papernuts warrant holders. (see also note 12).

Additionally, on February 23, 2015, Mr. Scott MacRae, the former Chief Executive Officer of Papernuts, entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with the Controlling Shareholder, whereby Mr. MacRae purchased 30,000,000 shares (the “Shares”) of the Company’s common stock beneficially owned by Mr. Kotni. The Shares were purchased by Mr. MacRae for an aggregate purchase price of $75,000.

As a result of the Share Exchange transaction and the transaction between Mr. MacRae and Mr. Kotni, Papernuts Canada has become a majority owned subsidiary of the Company and the Company now carries on the business of Papernuts Canada as its primary business.

Additionally, as required by the Share Exchange Agreement, the Company and Mr. Kotni entered into a Share Transfer & Assignment Agreement dated February 26, 2015, pursuant to which the Company, following the Closing of the Share Exchange Agreement, transferred to Mr. Kotni all of the issued and outstanding shares of the Company’s formerly wholly-owned subsidiary, Acton Holdings Limited, a Kenyan company. Mr. Kotni assumes all the liabilities of Acton Holdings Limited.

Papernuts was incorporated in Ontario, Canada on April 8, 2010 as 2239794 Ontario Inc. On January 19, 2015 Papernuts changed its name to Papernuts Corporation. The Company’s primary focus is the sale of paper and equipment. The Company’s registered office is as follows: 380 Vansickle Road, Unit 600, St. Catharines, Ontario, Canada, L2S 0B5.

At June 30, 2015, the Company had not yet achieved profitable operations, had an accumulated deficit of $1,627,095 and expects to incur further losses in the development of its business, all of which casts significant doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to raise additional funding to further develop operations and a sales and marketing program so as to grow revenue and attain profitability. Although the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms advantageous to the Company.

During the period approximately 58% of revenues were derived from one customer (2014 – 69% from this same customer).

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Unaudited Interim Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) None in scaling factor is -9223372036854775296	Jun. 30, 2015	Dec. 31, 2014
Accounts receivable - net allowance
Common stock, shares authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	66,147,975	66,147,975
Common stock, par value	$ 0.00001	$ 0.00001
Series A Preferred Stock
Preferred stock, shares authorized	5,000,000
Preferred stock, shares issued	2,666,668
Preferred stock, par value	$ 0.00001
Series B Preferred Stock
Preferred stock, shares authorized	5,000,000
Preferred stock, shares issued	1,000,002
Preferred stock, par value	$ 0.00001

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Deferred Revenue

6 Months Ended

Jun. 30, 2015

Deferred Revenue [Abstract]

Deferred Revenue

11. Deferred Revenue

In April 2013, Papernuts entered into an exclusive distribution agreement providing the rights to commercialize and distribute Papernuts’ converter machines in the Ottawa and Hull-Gatineau regions of Canada.

Of the $44,035 (CDN$55,000) up-front licensing fee received, $4,452 has been recognized as revenue during the six months ended June 30, 2015 (six months ended June 30, 2014 - $5,069) and $24,953 has been recorded as deferred revenue as at June 30, 2015 (December 31, 2014 - $31,607). The balance of deferred revenue will be amortized into contract revenue over the remaining period of Papernuts obligations under the agreement of approximately 2.8 years.

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Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 10, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Axiom Corp.
Entity Central Index Key	0001566265
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		67,297,975

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Stockholder's Equity

6 Months Ended

Jun. 30, 2015

Stockholder's Equity [Abstract]

Stockholder's Equity

12. Stockholder’s Equity

a) The Company’s authorized capital consists of 200,000,000 shares of common stock with a par value of $0.00001 per share, 5,000,000 shares of Series A Preferred stock with a par value of $0.00001 per share and 5,000,000 shares of Preferred B stock with a par value of $0.00001 per share.

	Number of
Capital stock	Shares			Value
Common Shares:
Common shares issued and outstanding as at December 31, 2014		56,433,333		$	564
Common shares of Papernuts issued as of December 31, 2014		1,220,165			798,586
Adjustment for Transaction / Elimination of Papernuts shares and the value of the Company’s capital stock		(1,220,165	)		(564	)
Shares issued to Papernuts Shareholders in connection with the Transaction		49,714,642			497
Reallocation of Papernuts share capital amounts to reflect the legal capitalization of Axiom subsequent to the transaction		-			(798,022	)
Conversion of common shares to Series A and Series B preferred shares(i)		(40,000,000	)		(400	)
Common Shares as at June 30, 2015		66,147,975		$	661
Series A Preferred Shares
Series A preferred shares issued and outstanding as at December 31, 2014		-		$	-
Conversion of common shares to Series A preferred shares(i)		2,666,668			27
Series A Preferred shares as at June 30, 2015		2,666,668		$	27
Series B Preferred Shares
Axiom’s series B preferred shares issued and outstanding as at December 31, 2014		-		$	-
Conversion of common shares to Series B preferred shares(i)		1,000,002			10
Series B Preferred shares as at June 30, 2015		1,000,002		$	10
Capital stock as at June 30, 2015				$	698

(i) In March, 2015 the Company completed agreements with three directors of Papernuts for the cancellation of 40,000,000 Common Shares of the Company in exchange for a combination of newly issued multi-voting Series A Preferred Shares and multiple-voting Series B Preferred Shares.

As per the agreements, the 40,000,000 common shares were converted into 2,666,668 multiple-voting Series A Preferred Shares and 1,000,002 multiple-voting Series B Preferred Shares.

Series A Preferred Shares are convertible into Common Shares at the option of the holder at a ratio of 1:10, meaning each Preferred A Share can convert into ten (10) Common Shares of the Company. In addition, holders of each Series A Preferred Share shall have the right to one (1) vote for each Common Share into which such Series A Preferred Share could be converted. Assuming the exercise of all convertible securities including warrants, the Series A Preferred Shares represent 7.7% of the total voting power of the Company’s shareholders.

Series B Preferred Shares are convertible into Common Shares at the option of the holder at a ratio of 1:10, meaning each Preferred B Share can convert into ten (10) Common Shares of the Company. In addition, holders of each Series B Preferred Share shall have the right to twenty-five (25) votes for each Common Share into which such Series B Preferred Share could be converted. Assuming the exercise of all convertible securities including warrants, the Series B Preferred Shares represent 71.7% of the total voting power of the Company’s shareholders.

The Series A and Series B Preferred Shares are non-redeemable and have a par value of $0.00001 per share.

b) Pursuant to the Share Exchange Agreement, the Company also issued warrants to purchase an aggregate of 5,650,000 shares of the Company’s common stock at exercise prices ranging from $0.056 to $0.075 per share to replace warrants previously held by Papernuts warrant holders (the “Warrants”). The Warrants are currently exercisable and may be exercised for a period of 24 months from the date of issuance, February 26, 2015. The Warrants were initially valued at $148,125 using the Black-Scholes pricing model assuming no expected dividends, with a volatility of 100%, expected life of two years and a risk-free rate of 0.43%, and was included in additional paid in capital. As at June 30, 2015 there were 5,650,000 warrants outstanding.

c) In March, 2015 the Company sold 900,000 shares of common stock to a private investor for total proceeds of $270,000. In May, 2015 the Company sold 250,000 shares of common stock to a private investor for total proceeds of $75,000. 

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Unaudited Interim Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Revenue	$ 14,967	$ 14,800	$ 26,268	$ 28,995
Cost of revenue	7,999	6,716	15,297	11,617
Gross profit	6,968	8,084	10,971	17,378
Expenses
Advertising and promotion	800	578	2,133	578
Interest	3,672	2,666	7,263	5,130
Office and general	11,358	2,943	19,483	8,492
Rent	3,765	3,726	7,038	7,407
Salaries and fees	117,309	16,142	273,571	17,356
Travel	4,039	2,173	9,200	4,368
Depreciation and amortization	5,087	$ 571	10,174	1,136
Research and development	$ 99,814		100,497	$ 1,812
Stock-based compensation			148,125
Professional fees	$ 41,664	$ 18,859	97,017	$ 30,367
Total operating expenses	287,508	47,658	674,501	76,645
Operating income (Loss)	(280,540)	(39,574)	(663,530)	(59,267)
Loss on foreign exchange	(5,296)	(4,519)	(6,697)	(7,369)
Net loss and comprehensive loss for the period	$ (285,836)	$ (44,093)	$ (670,227)	$ (66,636)
Net loss per share - Basic and diluted	$ (0.00)	$ (0.00)	$ (0.01)	$ (0.00)
Weighted average number of shares outstanding - Basic and diluted	66,147,975	56,433,333	67,729,552	56,433,333

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Equipment

6 Months Ended

Jun. 30, 2015

Equipment [Abstract]

Equipment

6. Equipment

			Accumulated
June 30, 2015	Cost		Depreciation and Impairment			Net Book Value
Furniture	$	3,723	$	(2,587	)	$	1,136
Machinery		112,820		(82,757	)		30,063
	$	116,543	$	(85,344	)	$	31,199

			Accumulated
December 31, 2014	Cost		Depreciation and Impairment			Net Book Value
Furniture	$	3,723	$	(2,136	)	$	1,587
Machinery		89,419		(76,722	)		12,697
	$	93,142	$	(78,858	)	$	14,284

Depreciation expense during the six months ended June 30, 2015 was $6,486 (2014 - $1,136).

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Inventory

6 Months Ended

Jun. 30, 2015

Inventory [Abstract]

Inventory

5. Inventory

	June 30, 2015		December 31, 2014
Raw materials	$	14,465	$	11,126
Finished goods		545		2,284
Total inventory	$	15,010	$	13,410

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Inventory (Tables)

6 Months Ended

Jun. 30, 2015

Inventory [Abstract]

Schedule of inventory

June 30, 2015			December 31, 2014
Raw materials	$	14,465		$	11,126
Finished goods		545			2,284
Total inventory	$	15,010		$	13,410

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Contingency

6 Months Ended

Jun. 30, 2015

Contingency [Abstract]

Contingency

13.      Contingency

In the first quarter of 2015 the Company became aware of a potential claim from an individual stating that he was owed $118,427 (CDN$150,000) worth of Papernuts common shares. No action has been commenced as of the date of this report. Management is of the opinion that this potential claim is without merit. Accordingly, no provision has been made in these financial statements.

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Related Party Transactions and Balances

6 Months Ended

Jun. 30, 2015

Related Party Transactions and Balances [Abstract]

Related Party Transactions and Balances

9. Related Party Transactions and Balances

	June 30,  2015		December 31, 2014
8% Demand loans	$	158,082	$	99,812
Due to related party		25,060		6,594
Payable to related parties	$	183,142	$	106,406

On August 1, 2012, PaperNuts Canada received loans of $32,445 (CDN$32,500) from shareholders Jim Vanderzalm and Rob Moes. The loans were unsecured, and were due and payable on demand as they were contracted to meet PaperNuts Canada’s 2012 general fiscal obligations. In April, 2014 and January 25, 2015 Mr. Moes made additional advances of $6,818 (CDN$7,500) and $30,184 (CDN$37,500) respectively to PapernNuts Canada. As at June 30, 2015 there is principal and interest of $69,743 ($40,290 as at December 31, 2014) outstanding in relation to those loans. The largest outstanding balance during the period ended June 30, 2015 was $69,743, including principal of $62,050.

On March 28, 2013 PaperNuts Canada received loans of $18,345 (CDN$18,629) from Jerry Moes, shareholder and director of PaperNuts Canada. The loans were unsecured, and were due and payable on demand as they were contracted to meet PaperNuts Canada’s 2013 general fiscal obligations. Mr. Moes made further advances of $30,180 (CDN$32,098) on December 31, 2013 and $11,190 (CDN$12,310) from January 1, 2014 to April 1, 2014. In January, 2015 Mr. Moes advanced an additional $15,625 (CDN$18,750). As at June 30, 2015, there is principal and interest of $72,813 ($59,522 as at December 31, 2014) outstanding in relation to those loans. The largest outstanding balance during the period ended June 30, 2015 was $72,813 including principal of $65,481.

In January, 2015 PaperNuts Canada received a loan of $15,625 (CDN$18,750) from Ron Vanderzalm, a shareholder of PaperNuts Canada. As at June 30, 2015, there is a principal and interest of $15,525 (December 31, 2014 - $Nil) outstanding in relation to this loan. The largest outstanding balance during the period ended June 30, 2015 was $15,525 including principal of $15,012.

During the periods ended June 30, 2015 and 2014 the shareholders above charged interest of $5,387 (CDN$6,652) and $3,440 (CDN$3,772), respectively on these demand loans. No payments of interest have been made and the unpaid interest is included in the loan balances noted above.

During the year ended December 31, 2013, Joanne Secord, a former vice-president of PaperNuts Canada earned sales commissions of CDN$18,596 and earned additional sales commissions of CDN$6,044 in 2014. These commissions were satisfied through the issuance of 50,000 common shares on April 2, 2014.

In June 2014, PaperNuts Canada received an advance of CDN$25,000 from Scott MacRae, a director of PaperNuts Canada. This amount was non-interest bearing and was repaid in July, 2014.

As of June 30, 2015, the Company owes Mr. Kotni, a former director of the Company $Nil (December 31, 2014 - $810) for expenditures paid on behalf of the Company. The amount included in due to related parties is unsecured, non-interest bearing, and has no specified repayment terms.

As at June 30, 2015, due to related party included an additional $25,060 (December 31, 2014 - $6,594) in fees and due to officers and directors of the Company, including Tyler Pearson, CEO, Andrew Hilton, CFO and Scott MacRae, director.

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Intangible Assets

6 Months Ended

Jun. 30, 2015

Intangible Assets [Abstract]

Intangible Assets

7. Intangible Assets

In June 2014, Papernuts acquired the rights to the Papernuts trademark for $75,000. Terms of the agreement are as follows:

· Upon signing the agreement and paying $20,000 (paid in July 2014), the Company received the temporary right to use the Papernuts name and trademark, provided Papernuts comply with certain insurance and other requirements as stipulated by the vendor.

· Upon payment of an additional $55,000, required to be paid by September 15, 2014 (and paid on that date), Papernuts received permanent use and ownership of the Papernuts name, web domain and any trademarks, patents and rights to sell Papernuts products in the US and Canada.

· Papernuts is required to pay a royalty of 2% of sales of Papernuts products, to a maximum of $100,000.

· As part of this agreement, should Papernuts and the vendor not be able to negotiate a distribution contract in the future, Papernuts would be required to acquire certain of the vendor’s inventory and equipment valued at $40,000 (paid in March, 2015). Papernuts has recorded an impairment charge of $35,000 in December, 2014 with respect to this inventory.

Papernuts recorded amortization of $3,688 relating to this asset during the six months ended June 30, 2015 (2014- $Nil) leaving an asset balance of $66,386 as at June 30, 2015 (December 31, 2014 - $70,074). Amortization over the next five years is expected to be $7,376 per annum.

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Accounts Payable and Accrued Liabilities

6 Months Ended

Jun. 30, 2015

Accounts Payable and Accrued Liabilities [Abstract]

Accounts payable and accrued liabilities

8. Accounts payable and accrued liabilities

Accounts payable consisted of the following as at June 30, 2015 and December 31, 2014.

	June 30, 2015		December 31, 2014
Accounts payable	$	175,711	$	1,826
Accrued liabilities		93,809		124,074
	$	269,520	$	125,898

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Loan Payable

6 Months Ended

Jun. 30, 2015

Loan Payable [Abstract]

Loan Payable

10. Loan Payable

On August 1, 2013, Axiom Corp. entered into a line of credit agreement with a third party, enabling the Company to borrow up to $50,000, at 8% per annum, with related amounts being due on demand. During 2014, the third party agreed to increase the maximum principal amount to $85,000. In the six months ended June 30, 2015 the third party made additional advances under the line of credit. As at June 30, 2015, the amount outstanding under this line of credit was $73,068 with accrued interest of $7,137. In addition to the line of credit the third party advanced $74,967 to the Company’s trust account in connection with the Stock Purchase Agreement described in Note 1. This latter amount was repaid in April, 2015.

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Equipment (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Equipment [Textual]
Depreciation expense	$ 6,486	$ 1,136

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Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2015

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Principles of Consolidation and Basis of Presentation

Principles of Consolidation and Basis of Presentation

These unaudited interim condensed consolidated financial statements include the accounts of the Company and its 95.6% owned subsidiary, Papernuts. All inter-company balances and transactions have been eliminated on consolidation. The accompanying unaudited interim condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Significant estimates include the use of the going concern assumption, the useful life of its equipment and intangible assets and the valuation of equipment and intangible assets.

Cash and Cash Equivalents

Cash and Cash Equivalents

The Company considers all highly liquid investments with maturities of three months or less to be cash equivalents. At June 30, 2015 and December 31, 2014, the Company had a cash balance of $8,955 and $8,602 respectively.

Revenue Recognition and Deferred Revenue

Revenue Recognition and Deferred Revenue

Revenue from product sales is recognized when the customer takes title, assumes the risks and rewards of ownership and collectability is reasonably assured. Revenue is recorded at the time of shipment for terms designated f.o.b. (free on board) shipping point. For sales transactions designated f.o.b. destination, revenue is recorded when the product is delivered to the customer’s delivery site, when title and risk of loss are transferred.

Revenue from the sale of licences and distribution agreements is recognized over the related term of the agreement. Proceeds received prior to the Company meeting its revenue recognition criteria is recorded as deferred revenue and shown as either a current or non-current liability depending on the expected timing of recognition.

Shipping and Handling Costs

Shipping and Handling Costs

Shipping and handling costs, such as freight to our customers’ destinations, are included in cost of revenue in the statement of operations and comprehensive loss. When shipping and handling costs are included in the sales price charged for our products, they are recognized in revenue.

Inventories

Inventories

Inventories are valued at the lower of cost or market using the average cost method. Inventory is periodically reviewed for use and obsolescence, and adjusted as necessary. Inventory consists of raw material and finished goods.

Equipment

Equipment

Equipment is stated at cost, less accumulated depreciation. Expenditures for betterments are capitalized, whereas normal repairs and maintenance are expensed as incurred. The straight-line method is used to depreciate equipment over its estimated useful life, ranging from 3-5 years.

Intangible Assets

Intangible Assets

Intangible assets are stated at cost, less accumulated amortization. The straight-line method is used to amortize intangible assets over their estimated useful life, for a period of up to 10 years.

Impairment of Long-lived Assets

Impairment of Long-lived Assets

The Company periodically evaluates the carrying value of long-lived assets in accordance with GAAP, which requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets' carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the long-lived assets. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair values are reduced for the cost of disposal.

Loss per Share

Loss per Share

Basic loss per share is calculated by dividing the Company’s net loss applicable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated by dividing the Company’s net loss available to common stockholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity instruments, if dilutive. In periods that the Company reports a net loss, loss per share is not presented on a diluted basis, as the result would be anti-dilutive.

Income Taxes

Income Taxes

Income taxes are computed in accordance with the provisions of ASC Topic 740, which requires, among other things, a liability approach to calculating deferred income taxes. The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in its financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement carrying amounts and tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. The Company is required to make certain estimates and judgments about the application of tax law, the expected resolution of uncertain tax positions and other matters. In the event that uncertain tax positions are resolved for amounts different than the Company’s estimates, or the related statutes of limitations expire without the assessment of additional income taxes, the Company will be required to adjust the amounts of related assets and liabilities in the period in which such events occur. Such adjustment may have a material impact on the Company’s income tax provision and results of operations.

Fair value of stock based compensation

Fair value of stock based compensation

Stock based compensation is valued using the Black-Scholes option pricing model, which requires the input of highly subjective assumptions including the expected stock price volatility. Because the Company’s stock options have characteristics significantly different than those of traded options and because changes in the subjective input assumptions can materially affect the calculated fair value, such value is subject to measurement uncertainty.

Research and development costs

Research and development costs

Development expenditures are capitalized if they meet the criteria for recognition as an asset, and are amortized over their expected useful lives once they are available for use. Research costs are expensed as incurred.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The standard, “Disclosures about Fair Value of Financial Instruments”, defines financial instruments and requires fair value disclosures for those instruments. The standard, “Fair Value Measurements”, defines fair value and establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosures requirements for fair value measures. The carrying amounts reported on the balance sheets for cash, funds held in trust, accounts receivable, due to related parties, accounts payable and accrued liabilities and loan payable qualify as financial instruments and are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rates of interest. For the due to related parties, the Company believes the carrying value of the loans approximates fair value as the interest rates are market rates.

The standard establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy defined by the standard are as follows:

Level 1 Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, listed equities and U.S. government treasury securities;

Level 2 Pricing inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category include non-exchange-traded derivatives such as over the counter forwards, options and repurchase agreements; and

Level 3 Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management's best estimate of fair value from the perspective of a market participant. Level 3 instruments include those that may be more structured or otherwise tailored to customers' needs. At each balance sheet date, the Company performs an analysis of all instruments subject to the standard and includes in Level 3 all of those whose fair value is based on significant unobservable inputs.

There were no assets or liabilities measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014.

Foreign Currency Translation

Foreign Currency Translation

As further described in Note 4, the Canadian dollar had been the functional and reporting currency of the Company’s business and the consolidated financial statements for periods up to December 31, 2014 were expressed in Canadian dollars. On January 1, 2015, to reflect the changed circumstances of the Company, the functional currency of the Company and its subsidiaries changed to the United States dollar and the Company decided to change its reporting currency to the United States dollar as well. Accordingly, these consolidated financial statements are expressed in United States dollars.

Monetary assets and liabilities denominated in currencies other than United States dollars are translated into United States dollars at the rate of exchange in effect at the end of the reporting period. Revenues and expenses are translated at the transaction exchange rate. Foreign currency gains and losses resulting from translation are reflected in net income of the period.

ASU 2014-09 [Member]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Accounting Principles for Future Adoption

In May 2014, FASB issued ASU 2014-09 with the intent of significantly enhancing comparability of revenue recognition practices across entities and industries. The new standard provides a single principles-based, five-step model to be applied to all contracts with customers and introduces new, increased disclosure requirements. The new standard is effective for annual and interim periods beginning on or after December 15, 2017 and may be applied on either a full or modified retrospective basis. The Company is currently assessing the impact of the new standard to the Company’s financial statements.

ASU 2014-15 Member]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Accounting Principles for Future Adoption

In August 2014, FASB issued ASU 2014-15 providing guidance on how to account for and disclose going concern risks. The new standard is effective for annual and interim periods beginning on or after December 15, 2016. The Company is currently assessing the impact of the new standard to the Company’s financial statements.

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Related Party Transactions and Balances (Tables)

6 Months Ended

Jun. 30, 2015

Related Party Transactions and Balances [Abstract]

Schedule of related party transactions and balances

	June 30,  2015		December 31, 2014
8% Demand loans	$	158,082	$	99,812
Due to related party		25,060		6,594
Payable to related parties	$	183,142	$	106,406

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Stockholder's Equity (Details) - USD ($)		6 Months Ended
		Jun. 30, 2015	Dec. 31, 2014
Common Shares:
Common Shares as at June 30, 2015		66,147,975	66,147,975
Common stock value		$ 661	$ 798,586
Capital stock as at June 30, 2015		$ 698
Series A Preferred Stock [Member]
Common Shares:
Preferred shares issued and outstanding, Value
Preferred shares issued and outstanding, Shares
Conversion of common stock, Shares	[1]	2,666,668
Conversion of common shares, Value	[1]	$ 27
Preferred shares as at June 30, 2015		2,666,668
Preferred stock, Value		$ 27
Series B Preferred Stock [Member]
Common Shares:
Preferred shares issued and outstanding, Value
Preferred shares issued and outstanding, Shares
Conversion of common stock, Shares	[1]	1,000,002
Conversion of common shares, Value	[1]	$ 10
Preferred shares as at June 30, 2015		1,000,002
Preferred stock, Value		$ 10
Common Stock [Member]
Common Shares:
Common shares issued and outstanding, Shares		56,433,333
Common shares issued and outstanding, value		$ 564
Common shares of Papernuts issued, Shares		1,220,165
Common shares of Papernuts issued, Value		$ 798,586
Adjustment for Transaction-Elimination of Papernuts shares and the value of the Company's capital stock, Shares		(1,220,165)
Adjustment for Transaction - Elimination of Papernuts shares and the value of the Company's capital stock, Value		$ (564)
Shares issued to Papernuts Shareholders in connection with the Transaction, Shares		49,714,642
Shares issued to Papernuts Shareholders in connection with the Transaction, Value		$ 497
Reallocation of Papernuts share capital amounts to reflect the legal capitalization of Axiom subsequent to the transaction, Shares
Reallocation of Papernuts share capital amounts to reflect the legal capitalization of Axiom subsequent to the transaction, Value		$ (798,022)
Conversion of common stock, Shares	[1]	(40,000,000)
Conversion of common shares, Value	[1]	$ (400)

[1] In March, 2015 the Company completed agreements with three directors of Papernuts for the cancellation of 40,000,000 Common Shares of the Company in exchange for a combination of newly issued multi-voting Series A Preferred Shares and multiple-voting Series B Preferred Shares. As per the agreements, the 40,000,000 common shares were converted into 2,666,668 multiple-voting Series A Preferred Shares and 1,000,002 multiple-voting Series B Preferred Shares. Series A Preferred Shares are convertible into Common Shares at the option of the holder at a ratio of 1:10, meaning each Preferred A Share can convert into ten (10) Common Shares of the Company. In addition, holders of each Series A Preferred Share shall have the right to one (1) vote for each Common Share into which such Series A Preferred Share could be converted. Assuming the exercise of all convertible securities including warrants, the Series A Preferred Shares represent 7.7% of the total voting power of the Company's shareholder Series B Preferred Shares are convertible into Common Shares at the option of the holder at a ratio of 1:10, meaning each Preferred B Share can convert into ten (10) Common Shares of the Company. In addition, holders of each Series B Preferred Share shall have the right to twenty-five (25) votes for each Common Share into which such Series B Preferred Share could be converted. Assuming the exercise of all convertible securities including warrants, the Series B Preferred Shares represent 71.7% of the total voting power of the Company's shareholders. The Series A and Series B Preferred Shares are non-redeemable and have a par value of $0.00001 per share.

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Condensed Consolidated Statements of Stockholders' Equity Deficit - 6 months ended Jun. 30, 2015 - USD ($)	Total	Series A Preferred Stock	Series B Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income	Shares to be Issued	Deficit
Beginning Balance at Dec. 31, 2014	$ (140,475)			$ 798,586		$ 17,807		$ (956,868)
Issuance of warrants	148,125				$ 148,125
Reverse acquisition by Papernuts Canada	(72,277)			$ (797,525)		$ 18,826
Proceeds of share subscriptions collected	$ 345,000				$ 706,422		$ 345,000
Conversion of common shares		$ 27	$ 10	$ (400)	$ 363
Net (loss) for the period	$ (670,227)							$ (670,227)
Ending Balance at Jun. 30, 2015	$ (389,854)	$ 27	$ 10	$ 661	$ 854,910	$ 36,633	$ 345,000	$ (1,627,095)

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Change of Functional and Reporting Currency

6 Months Ended

Jun. 30, 2015

Change of Functional and Reporting Currency [Abstract]

Change of Functional and Reporting Currency

4. Change of Functional and Reporting Currency

Effective February 26, 2015, Papernut’s functional currency changed to the United States dollar, and accordingly, Papernuts decided to change its reporting currency to the United States dollar. Prior to February 26, 2015, Papernut’s functional currency was the Canadian dollar and the Company used the Canadian dollar as its reporting currency. With the completion of the Share Exchange Agreement, the Company’s assets, liabilities, revenues and expenses are expected to be predominantly denominated in United States dollars and, accordingly, the use of the Canadian dollar to measure and report the Company’s financial performance and financial position became inappropriate. The impact of the currency translation up to February 26, 2015 is recorded in accumulated other comprehensive income. Under the current rate method for the comparative period presented, all assets and liabilities of the Company’s operations were translated from their Canadian dollar functional currency into United States dollars using the exchange rates in effect on the balance sheet date, shareholders’ equity were translated at the historical rates and revenues, expenses and cash flows were translated at the average rates during the reporting period presented. The resulting translation adjustments are reported under comprehensive income as a separate component of shareholders’ equity.

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Stockholder's Equity (Tables)

6 Months Ended

Jun. 30, 2015

Stockholders' Equity Note [Abstract]

Schedule of capital stock number of shares

	Number of
Capital stock	Shares			Value
Common Shares:
Common shares issued and outstanding as at December 31, 2014		56,433,333		$	564
Common shares of Papernuts issued as of December 31, 2014		1,220,165			798,586
Adjustment for Transaction / Elimination of Papernuts shares and the value of the Company’s capital stock		(1,220,165	)		(564	)
Shares issued to Papernuts Shareholders in connection with the Transaction		49,714,642			497
Reallocation of Papernuts share capital amounts to reflect the legal capitalization of Axiom subsequent to the transaction		-			(798,022	)
Conversion of common shares to Series A and Series B preferred shares(i)		(40,000,000	)		(400	)
Common Shares as at June 30, 2015		66,147,975		$	661
Series A Preferred Shares
Series A preferred shares issued and outstanding as at December 31, 2014		-		$	-
Conversion of common shares to Series A preferred shares(i)		2,666,668			27
Series A Preferred shares as at June 30, 2015		2,666,668		$	27
Series B Preferred Shares
Axiom’s series B preferred shares issued and outstanding as at December 31, 2014		-		$	-
Conversion of common shares to Series B preferred shares(i)		1,000,002			10
Series B Preferred shares as at June 30, 2015		1,000,002		$	10
Capital stock as at June 30, 2015				$	698

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Related Party Transactions and Balances (Details Textual)			1 Months Ended							3 Months Ended		6 Months Ended				12 Months Ended
	Jan. 25, 2015 USD ($)	Jan. 25, 2015 CAD	Jan. 31, 2015 USD ($)	Jan. 31, 2015 CAD	Jun. 30, 2014 USD ($)	Apr. 30, 2014 USD ($) shares	Apr. 30, 2014 CAD shares	Dec. 31, 2013 USD ($)	Dec. 31, 2013 CAD	Apr. 01, 2014 USD ($)	Apr. 01, 2014 CAD	Jun. 30, 2015 USD ($)	Jun. 30, 2015 CAD	Jun. 30, 2014 USD ($)	Jun. 30, 2014 CAD	Dec. 31, 2014 USD ($)	Dec. 31, 2014 CAD	Dec. 31, 2013 CAD	Jan. 31, 2015 CAD	Mar. 28, 2013 USD ($)	Mar. 28, 2013 CAD	Aug. 01, 2012 USD ($)	Aug. 01, 2012 CAD
Related Party Transaction [Line Items]
Due to related parties												$ (61)
Interest charge												5,387	CAD 6,652	$ 3,440	CAD 3,772
Additional fees												25,060				$ 6,594
Jim Vanderzalm and Rob Moes [Member]
Related Party Transaction [Line Items]
Loans receivable from Related parties																						$ 32,445	CAD 32,500
Outstanding principal and interest in relation to loans												69,743				40,290
Principal amount												62,050
Jerry Moes [Member]
Related Party Transaction [Line Items]
Loans receivable from Related parties																				$ 18,345	CAD 18,629
Additions advances to related party	$ 30,184	CAD 37,500	$ 15,625	CAD 18,750		$ 6,818	CAD 7,500	$ 30,180	CAD 32,098	$ 11,190	CAD 12,310
Outstanding principal and interest in relation to loans												72,813				$ 59,522
Principal amount												65,481
Ron Vanderzalm [Member]
Related Party Transaction [Line Items]
Loans receivable from Related parties			$ 15,625																CAD 18,750
Outstanding principal and interest in relation to loans												15,525
Principal amount												$ 15,012
Joanne [Member]
Related Party Transaction [Line Items]
Earned sales commissions | CAD																	CAD 6,044	CAD 18,596
Issuance of common shares | shares						50,000	50,000
Mr. Scott MacRae [Member]
Related Party Transaction [Line Items]
Additions advances to related party					$ 25,000
Kotni [Member]
Related Party Transaction [Line Items]
Due to related parties																$ 810

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Subsequent Events

6 Months Ended

Jun. 30, 2015

Subsequent Events [Abstract]

Subsequent Events [Text Block]

14.      Subsequent Events

            There were no subsequent events that would have a material impact on these financial statements.